shipbuilder

Austal reports record profit

AUGUST 26, 2015 — Australian Stock Exchange listed shipbuilder Austal Limited (ASX:ASB) today reported a record profit. Net Profit After Tax (NPAT) was AUD 53.2 million, a 66.8 per cent increase on

Ulstein launches giant Chouest/Island OCV

AUGUST 26, 2015 — Norway’s Ulstein Verft yesterday launched Island Venture (Yard No. 302), the first of the two giant SX165 design offshore construction vessels ordered by Edison Chouest Offshore and Island

MARAD approves $12 million Title XI guarantee

AUGUST 24, 2015 — The U.S. Maritime Administration reports the approval of a $12 million Title XI loan guarantee for Gray Offshore LLC supporting the recent construction of three oceangoing deck barges

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Mabus announces name of LCS 24

AUGUST 20, 2015 — Secretary of the Navy Ray Mabus announced Aug. 19 that the next Independence variant Littoral Combat Ship will be named USS Oakland (LCS 24). According to a Congressional