Tag: Shipbuilding
Austal reports EBIT loss but retains record $11.6b order book
Global shipbuilder Austal announced its FY2023 financial results, reporting a $4.8 million loss in Earnings Before Interest and Tax (EBIT), which is consistent with the previously advised earnings projection issued last month.
VEEM secures new Singapore shipbuilding client, to supply gyrostabilisers for vessels
Australian marine systems manufacturer VEEM Limited has executed an agreement with Singapore-based Strategic Marine for the latter to employ small and medium size VEEM gyrostabilisers exclusively on the vessels it builds.
Australian-made ferries to be deployed in Parramatta River in NSW
The NSW government has tapped Richardson Devine Marine Shipbuilders for the construction of seven new Parramatta Class ferries.
Austal unveils new AI toolset DeepMorpher for rapid digital prototyping of ship hulls
Austal Australia has introduced its new artificial intelligence toolset, DeepMorpher, to help its Australian designers explore broader design spaces while significantly reducing resource requirements for complex ship hull optimisation routines.
Defence invests $110m in undersea support vessel for future ops
The Australian Government announced that it has procured a dedicated Undersea Support Vessel for the Australian Defence Force (ADF) in a push to enhance maritime capability.
Austal launches largest ferry built at its Philippines shipyard
Shipbuilder Austal Philippines has delivered the 115-metre, high-speed vehicle-passenger ferry Express 5, the largest ferry constructed by an Austal shipyard.
Industry calls for skills training programs to build Australia’s nuclear submarine capability
Industry representatives have highlighted the significance of establishing specialist training programs that would supply skilled workers to build Australia’s nuclear submarine capability following the $368 billion AUKUS deal this week.
Thales Australia, ORBIS establish maritime sustainment partnership for RAN
Thales Australia has ventured into a partnership with US Navy Industrial partner ORBIS Sibro to advance maritime sustainment operations in support of the Royal Australian Navy at Fleet Base East, Garden Island, Sydney.
Australian government extends WAMA alliance’s shipbuilding contract
A warship alliance involving BAE Systems Australia has secured a contract extension with the Australian government, securing the future of critical ship management capability.
Austal delivers 4th Cape-Class Patrol Boat to Australian Navy
Austal Australia has completed the fourth delivery of Evolved Cape-class Patrol Boats (ECCPBs) to the Royal Australian Navy (RAN).
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