Austal
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Maritime News
Startup Raises $43M for Austal to Build Gigantic Sailing Cargo Trimaran
VELA, a French startup launched in November 2022, reports it has completed a significant funding round of €40 million…
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Maritime News
Austal Breaks Ground on New Building for Sub Module Construction
On Thursday, Austal USA broke ground on a dedicated manufacturing facility for submarine modules, adding much-needed capacity for the…
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Port News
Austal to build French cargo trimaran
French company VELA has raised another $43m as it gears up to order a pioneering sailing cargo trimaran in Australia.…
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Marine World
Hanwha Abandons Austal Takeover Bid Amid Due Diligence Dispute
Korean conglomerate Hanwha has officially withdrawn its takeover bid for Australian defense shipbuilder Austal, citing insurmountable obstacles in conducting due…
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Maritime News
Austal to Expand Mobile Facility for More Submarine Component Work
Austal USA, the American division of the shipbuilding group, plans to further expand its operations in Mobile, Alabama to…
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Marine World
Austal USA Pleads Guilty to Accounting Fraud, Agrees to Pay $24 Million Settlement
Austal USA, a Mobile, Alabama-based shipbuilder for the U.S. Navy and Coast Guard, has pleaded guilty to securities fraud and…
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Maritime News
Austal Launches The Very Last Littoral Combat Ship
Australian-owned shipbuilder Austal USA has launched the last Independence-class Littoral Combat Ship, USS Pierre. The yard emphasized that the final…
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Maritime News
Austal USA Breaks Ground on New Steel-Hull Assembly Hall
Austal USA is expanding again with the construction of a new final assembly building, the second phase in the…
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Maritime News
Austal Names Ex-US SECNAV as Chairman Replacing Founder
Austal, a leading defense contractor for the Australian and U.S. navies, has selected former U.S. Secretary of Navy Richard…
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Maritime News
Hanwha Agrees to Pay $100M to Acquire Philly Shipyard
South Korea’s Hanwha Group announced a deal to acquire Philly Shipyards, an operation focused on building Jones Act vessels,…
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