Hanwha Group gets U.S. clearance to up its stake in Austal
South Korea’s Hanwha Group has been eyeing an acquisition of Austal USA parent Austal (ASX ASB) for quite some time. Today, it appeared to be making some progress. Yonhap News Agency reports
Austal
John Rothwell to be succeeded as Austal chairman by former SECNAV Richard Spencer
Australian shipbuilding legend John Rothwell is to step down as as chairman of Austal Limited (ASX: ASB). He will be succeeded by former U.S. Secretary of the Navy Richard Spencer. Rothwell, the
Hanwha makes its case for Austal acquisition
As we reported earlier, South Korea’s Hanwha Group has submitted an indicative offer to acquire the global business of Austal USA’s Australian parent, Austal (ASX:ASB), through a scheme of arrangement that would
Austal confirms getting a takeover offer from Hanwha Ocean
Rumors that Australian shipbuilder Austal Limited (ASX:ASB) was the target of a takeover bid have been circulating since last July. Now, it seems, there’s some truth in one of them. In an
Austal and Birdon in MOU on Australian Army landing craft project
Two Australian shipbuilders with significant U.S. presences chose Mobile, Ala., to announce today that they are teaming up for an Australian Army landing craft project. The two companies, Austal Ships Pty Limited
Is Philly Shipyard a Hanwha takeover target?
Back in July, Korean shipbuilder Hanwha Ocean was reportedly among the suitors in a rumored bid to acquire Austal. As we reported at that time, Austal said: “Austal is regularly involved in
Austal in LOI for 130-meter Gotland Horizon X hydrogen-fueled cat
Swedish ferry operator Gotlandsbolaget reports that it has signed a letter of intent LOI with Australian shipbuilder Austal covering the design of a 130 meter high speed multi-fuel catamaran able to operate
Austal chooses MAN 175D propulsion for new high-speed cat
The high speed catamaran ferry under construction at Austal Vietnam for a French Polynesian operator will be powered by MAN 175D engines. The 66-meter, 574-passenger ferry is scheduled for delivery in the
Navy awards Austal USA $230.5 million EPF contract
Shipbuilder Austal USA has been awarded a $230.5 million contract for the detail design and construction of EPF 16, the U.S. Navy’s newest Expeditionary Fast Transport (EPF) ship. EPF 16 will be
Rusty Murdaugh named president of Austal USA
Austal Limited (ASX:ASB) reports that the Austal USA Board of Directors has appointed Rusty Murdaugh as president of Austal USA, effective September 9, 2021. Murdaugh, who joined Austal USA in 2017 as