Neha Patil (Editor)

Austal

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Traded as
  
ASX: ASB

Area served
  
worldwide

Headquarters
  
Australia

Number of employees
  
5,200

Industry
  
Defence, Shipbuilding

Key people
  
David Singleton (CEO)

Founded
  
1988

Type
  
Public limited company

Austal wwwaustalcomsitesallthemesaustalimageslogo

Products
  
Warships, Merchant vessels, Platform supply vessels

Subsidiaries
  
Austal USA Austal Philippines

Stock price
  
ASB (ASX) A$ 1.84 -0.01 (-0.54%)2 Mar, 4:10 PM GMT+11 - Disclaimer

CEO
  
David Singleton (4 Apr 2016–)

Profiles

New austal ship steering company onto steady course


Austal is an Australian-based global ship building company and defence prime contractor that specialises in the design, construction and support of defence and commercial vessels. Austal's product range includes naval vessels, high speed passenger and vehicle ferries and specialist utility vessels including offshore windfarm and crew transfer vessels.

Contents

Austal has three major ship building facilities. Defence vessels are designed and constructed in Henderson, Western Australia and Mobile, Alabama in the United States of America and commercial vessels are constructed in Balamban, Cebu in the Philippines. Vessel support is provided through service centres located in Australia, the United States of America and Oman in the Middle East. Corporate headquarters is co-located at the Australian ship building facility in Henderson, Western Australia.

Since 1988, Austal has designed and constructed over 250 vessels for navies, defence forces and commercial fleet operators around the world, including the Royal Australian Navy and the United States Navy. Major contracts currently include the Independence class littoral combat ship and Joint High Speed Vessel for the United States Navy, the Cape-class patrol boat for the Australian Border Force and the High Speed Support Vessel for the Royal Navy of Oman.

Austal crew transfer 45m sea trial footage of ghagha1 august 2015 hd


Littoral Combat Ship (LCS)

In October 2005, Austal/General Dynamics was awarded a contract to build the first unit from its design for a Littoral Combat Ship. The keel of the future USS Independence was laid on 19 January 2006 at Austal USA's yard in Mobile, Alabama, and the naming ceremony was held on 4 October 2008. It is now operating with the fleet at its current location in Norfolk, Virginia.

The LCS 2 was the first ship built by Austal USA for the US Navy and the Navy's first Trimaran Littoral Combat Ship. It is the first naval warship constructed in Mobile, Alabama since World War II. The basis of Austal's seaframe design is the 127-metre trimaran hull Benchijigua Express.

The originally planned second Austal/GD ship (LCS-4) was cancelled on 1 November 2007.

On 1 May 2009, the Navy renewed the contract with Austal/GD to build the second LCS, the USS Coronado, with delivery scheduled for May 2012.

On 29 December 2010 the U.S Navy, as per a decision in 2010 to award contracts for Littoral Combat Ships to both Austal USA and Lockheed Martin, announced a new contract with Austal USA (who had separated from General Dynamics Bath Iron Works). The contract called for one ship to be built beginning in 2010 (the USS Jackson), one to be built in 2011 (the USS Montgomery), and two per year from 2012 to 2015. The contract for the LCS 6 was for $432 million with a goal of having the average ship cost be $352 million per. Another $20 million was figured in for change orders, and a "management reserve" is included.

Expeditionary Fast Transport EPF (formerly known as Joint High Speed Vessel - JHSV)

In November 2008, Austal was awarded a contract to design and build the US military's next-generation high-speed catamaran, multi-use platform, the Joint High Speed Vessel (JHSV), as part of a programme potentially worth over US$1.6 billion.

As prime contractor, Austal was to design and construct the first 103-metre JHSV, with options for 9 additional vessels expected to be exercised between FY09 and FY13. Construction on the second ship started in September 2010. Austal now has contracts for three ships, long-lead material contracts for two ships and options for five further ships, for a total of ten.

The new JHSV is similar to the Austal-built WestPac Express, which the US Marines have used since 2002.

The JHSV will be able to carry 700 short tons (including M1 Abrams main battle tanks) 1,200 nautical miles at an average speed of 35 knots (65 km/h) and be able to unload at roll-on/roll-off discharge facilities. It will be 103 meters long, 28.5 meters beam with a crew of 22 to 40.

The first four will be named USNS Spearhead, USNS Choctaw County, USNS Millinocket and USNS Fall River.

While the JHSV can carry 300 marines and their gear for up to four days, it is not expected to be survivable against enemy attack.

Navy planners envision building up to two dozen of the JHSV ships over the next decade.

In early 2014, Austal announced it had been awarded a $124.9 million contract for two High Speed Support Vessels (HSSV) for the Royal Navy of Oman. The HSSV has a similar catamaran hull design as the JHSV. Both are to be delivered in 2016.

Cape Class Patrol Boats

Austal was awarded the contract for the design, construction and through-life support of the Cape class patrol boats for the Australian Customs and Border Protection Service in August 2011. The eight 58-metre aluminium monohulls were delivered between March 2013 and August 2015.

The support contract extends for a minimum period of eight years and encompasses a full range of intermediate and depot level maintenance activities. Further options can be exercised by the Australian Customs and Border Protection Service for In-Service Support for the life of the Cape Class Patrol Boat Fleet.

Austal announced it has entered into a shipbuilding contract with the National Australia Bank to construct two further Cape Class Patrol Boats on 13 December 2015. The contract value is $63 million. The two vessels will be delivered to the National Australia Bank in mid-2017 and subsequently chartered to the Commonwealth of Australia (Department of Defence) for a minimum term of three years. Austal has successfully employed a similar off balance sheet charter of defence ships through the charter of Westpac Express to the US Navy for 13 years.

Armidale Class Patrol Boats

Between June 2005 and February 2008, Austal delivered fourteen 56.8-metres (186 ft) Armidale class patrol boats to the Royal Australian Navy for coastal defence. These vessels were featured on the TV series Sea Patrol.

P21 Class Patrol Boats

In 2009 the Maritime Squadron of the Armed Forces of Malta ordered four patrol boats from Austal. They were due to replace the Swift-class patrol boats P23 and P24 which had been in commission since 1971 and the Bremse-class patrol boat P32 which had been in commission since 1992. The new vessels were built to Maltese specifications and were partly financed by the EU.

The first two vessels were launched in October 2009. All four vessels were delivered to Malta in late 2009, and were officially commissioned on 18 March 2010.

The vessels are armed with machine guns and they mount a firefighting water cannon on the aft fly bridge. They are mainly used for search and rescue purposes, border patrol and to rescue illegal immigrants, similar to Grup Aresa International's rescue vessels.

Yemen Navy patrol boats

In 2005 Austal delivered ten high-speed patrol boats to the Yemen Navy, which are now hired out (with active duty Navy and Coast Guard crews) to protect private shippers.

Commercial and leisure vessels

Austal has designed and built a range of commercial and leisure vessels.

On 20 August 2014, Austal announced the sale of "Austal Hull 270", the Company’s 102-meter trimaran stock vessel, to the U.K. Channel Islands’ ferry operator, Condor Ferries, for A$61.5 million, and was renamed the Condor Liberation. Additionally, modifications to the stock vessel are valued at approximately A$6 million, and was scheduled to enter service in the Spring 2015. On 28 March 2015, the ship struck the quayside while attempting to dock in Guernsey on its second day in service. Fortunately, damage was only minor and above the waterline. Since then, the Liberation has had a difficult period of operation with Condor Ferries, encountering numerous technical problems, cancellations due to weather and sustaining further damage to its hull whilst docked in Poole on 30 December 2015.

References

Austal Wikipedia


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