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Austal Limited
Company typePublic limited company
ASX: ASB
ISINAU000000ASB3
IndustryDefence, Shipbuilding
Founded8 August 1988; 36 years ago (1988-08-08) in Perth, Western Australia, Australia
Headquarters
Henderson, Western Australia
,
Australia
Area served
Worldwide
Key people
Products
Revenue
  • DecreaseA$1.309 billion (2017)
  • A$1.339 billion (2016)
  • IncreaseA$29 million (2017)
  • A$-137 million (2016)
  • IncreaseA$15 million (2017)
  • A$-84 million (2016)
Number of employees
5,500 (2016)
Subsidiaries
Websitewww.austal.com
Footnotes / references
[1][2][3][4]

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.[5] Austal's product range includes naval vessels, high-speed passenger and vehicle ferries and specialist utility vessels such as offshore windfarm and crew transfer vessels.[6]

Austal has three major ship building facilities. Defence vessels are designed and constructed in Henderson, Western Australia and Mobile, Alabama. Commercial vessels are constructed in Balamban, Philippines. Vessel support is provided through service centres located in Darwin, Cairns and Henderson in Australia; San Diego, California; Balamban, Philippines and Muscat, Oman.[7] Corporate headquarters are co-located at Austal's Australian ship building facility in Henderson.[8]

As of early 2017, Austal has designed and constructed over 260 vessels for numerous defence forces and commercial fleet operators. Customers include the Australian Border Force, Condor Ferries, Mols Linien of Denmark, the Royal Australian Navy, the Royal Navy of Oman and the United States Navy.[9]

Products

Littoral Combat Ship (LCS)

Main article: Independence class littoral combat ship
USS Independence (LCS-2) at Naval Air Station Key West

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 USS Independence was laid down on 19 January 2006 at Austal USA's Mobile, Alabama shipyard, with the naming ceremony held on 4 October 2008.[10] It is now operating with the fleet at its current location in Norfolk, Virginia.[timeframe?][11]

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 was the 127-metre (417 ft) trimaran hull HSC Benchijigua Express.

The second Austal/General Dynamics ship, LCS-4, was cancelled on 1 November 2007.[12]

On 1 May 2009, the US Navy renewed the contract with Austal/General Dynamics to build the second LCS, the USS Coronado, with delivery scheduled for May 2012.[13]

Highspeed 5 of Hellenic Seaways in the port of Ios

On 29 December 2010 the US Navy announced a new contract with Austal USA after Austal severed ties with General Dynamics Bath Iron Works. New contracts for Littoral Combat Ships were awarded to both Austal USA and Lockheed Martin.[14] 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 LCS-6 contract was for US$432 million, with a goal of having the average ship cost US$352 million each. Another US$20 million was figured in for change orders, and a management reserve.[15]

Expeditionary Fast Transport (EPF)

Main article: Spearhead-class expeditionary fast transport
File:Westpac Express HSV-4676.jpg
MV WestPac Express (HSV-4676)

In November 2008, Austal was awarded a contract to design and build the US military's next-generation, high-speed catamaran, the Spearhead-class Expeditionary Fast Transport (EPF), which was formerly called the Joint High Speed Vessel (JHSV). The contract was part of a larger programme potentially worth over US$1.6 billion.

As the prime contractor, Austal was to design and construct the first 103-metre (338 ft) EPF, with options for nine additional vessels expected to be exercised between 2009 and 2013. Construction on the second ship started in September 2010. By the end of 2010, Austal had contracts for three ships, long-lead material contracts for two ships and options for five further ships, for a total of ten.[16]

The EPF is similar to the Austal-built MV WestPac Express, which the US Marines had used since 2002.

The EPF can carry 635 tonnes (700 short tons), 1,200 nautical miles (2,200 km; 1,400 mi) at an average speed of 35 knots (65 km/h; 40 mph) and is able to unload at roll-on/roll-off discharge facilities. The vessels are 103 m (338 ft) long, have a 28.5 m (94 ft) beam with a crew of 22 to 40.[17]

The first four vessels were named USNS Spearhead, USNS Choctaw County, USNS Millinocket and USNS Fall River.[18][19]

While the EPF can carry 300 Marines and their gear for up to four days, it is not expected to be survivable against enemy attack.[20]

In 2011, US Navy planners envisioned building up to two dozen of the EPF ships into the 2020s.[21]

Cape Class Patrol Boats

Main article: Cape-class patrol boat

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 (190 ft) aluminium monohulls were delivered between March 2013 and August 2015.[citation needed]

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 A$63 million. The two vessels will be delivered to the National Australia Bank in mid-2017 and subsequently chartered to the Commonwealth of Australia for a minimum term of three years. Austal did a similar off-balance-sheet charter with the MV Westpac Express, which was chartered to the US Navy for 13 years.[22]

Armidale Class Patrol Boats

Main article: Armidale class patrol boat
HMAS Armidale at Darling Harbour

Between June 2005 and February 2008, Austal delivered fourteen, 56.8 m (186 ft) Armidale class patrol boats to the Royal Australian Navy for coastal defence. The boats were featured on the TV series Sea Patrol.[citation needed]

P21 Class Patrol Boats

Main article: P21-class inshore patrol vessel
Maltese patrol boat P24

In 2009 the Maritime Squadron of the Armed Forces of Malta ordered four patrol boats from Austal.[23] 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 European Union.[24]

The first two vessels were launched in October 2009.[25][26] All four vessels were delivered to Malta in late 2009, and officially commissioned on 18 March 2010.[27]

Yemeni Navy patrol boats

Yemeni Navy patrol boat

In 2005 Austal delivered ten high-speed patrol boats to the Yemeni Navy, which are commercially hired out to protect private shippers.[28][29]

Omani Navy High Speed Support Vessels (HSSV)

In early 2014, Austal announced it had been awarded a US$124.9 million contract for two High Speed Support Vessels (HSSV) for the Royal Navy of Oman. Both were delivered to the Omani Navy by late 2016.[30][31] The HSSV has a catamaran hull design similar to the US Navy's Expeditionary Fast Transport (EPF).

Commercial and leisure vessels

An Austal 48 for New World First Ferry in Hong Kong and Macau
The MS Villum Clausen was built and delivered in 2000 to Bornholmstrafikken on the Danish island of Bornholm.

Austal is one of only two companies building fast multi-hull ferries between 60 m (200 ft) and 120 m (390 ft) long. In the early 1990s the ferry industry was transformed with the introduction of large, high-speed catamarans with decks for vehicles. They quickly replaced most hydrofoil and hovercraft services as well as many monohull ferries. The popularity of the new type of multi-hull design led to many shipyards worldwide changing their production to build fast aluminium catamarans. Eventually capacity exceeded demand and by the end of the 20th century most builders of large fast cats had ceased production. However Austal and its only competitor in this category, Hobart based Incat survived the late 90s industry collapse and the two companies continue to compete for orders of large multi-hull ferries of up to 11,000 Gross tons with capacities of over 1,200 passengers and 400 vehicles.

On 20 August 2014, Austal announced the sale of Austal Hull 270, the company’s 102-metre (335 ft) trimaran stock vessel, to the UK Channel Islands’ ferry operator, Condor Ferries, for A$61.5 million, and was renamed the HSC Condor Liberation. Additionally, modifications to the stock vessel were valued at approximately A$6 million, and was scheduled to enter service in Spring 2015. On 28 March 2015, the ship struck the quayside while attempting to dock in Guernsey on its second day in service. The 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, weather cancellations and sustaining further damage to its hull whilst docked in Poole on 30 December 2015.[32]

See also

References

  1. ^ "Happy 30th Birthday Austal". Austal USA. 8 August 2018. Archived from the original on 16 August 2018. Retrieved 16 August 2018. Austal Limited started as a small, private shipyard in Perth, Western Australia on August 8, 1988.
  2. ^ "Careers". Austal. Archived from the original on 28 December 2016. Retrieved 8 May 2017. Over 5,500 Austal employees, worldwide [...]
  3. ^ "Austal Commences Construction of 109 metre High Speed Ferry for Molslinjen of Denmark". Austal. 26 April 2017. Archived from the original (Press release) on 9 May 2017. Retrieved 9 May 2017. [...] the plate cutting ceremony which was hosted by Austal Chairman John Rothwell and Chief Executive Officer David Singleton.
  4. ^ "Growth, Profitability, and Financial Ratios for Austal Ltd (AUTLF)". Morningstar, Inc. Retrieved 20 September 2017.
  5. ^ "What We Do". Austal. Archived from the original on 1 April 2017. Retrieved 8 May 2017. Austal is a global shipbuilder, defence prime contractor and maritime technology partner [...]; designing, constructing and supporting [...] defence and commercial vessels [...]
  6. ^ "Ships". Austal. Archived from the original on 31 March 2017. Retrieved 8 May 2017. Since 1988, Austal has been designing, constructing and supporting commercial vessels (including passenger ferries, vehicle passenger ferries, offshore and windfarm vessels) [...]
  7. ^ "Service Centres". Austal. Archived from the original on 1 April 2017. Retrieved 8 May 2017.
  8. ^ "Production Facilities". Austal. Archived from the original on 1 April 2017. Retrieved 8 May 2017. With shipyards in Australia, the United States of America and the Philippines, Austal is [...]
  9. ^ "Our Customers". Austal. Archived from the original on 1 April 2017. Retrieved 9 May 2017. Austal has designed and constructed over 260 vessels for over 100 clients in 50 countries, since 1988. Our customers include [...] commercial and defence fleet operators [such as] the U.S. Navy, Australian Border Force and Condor Ferries.
  10. ^ "Navy Christens Littoral Combat Ship Independence". U.S. Department of Defense. 10 January 2008. {{cite journal}}: Cite journal requires |journal= (help)
  11. ^ http://bymnews.com/news/newsDetails.php?id=79424
  12. ^ "U.S.Navy Press Release No. 1269-07" (Press release). 1 November 2007. Archived from the original on 4 November 2007. Retrieved 1 November 2007. {{cite press release}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  13. ^ "Navy orders second LCS from Austal".
  14. ^ http://www.defensedaily.com/publications/dd/Austal-USA-General-Dynamics-Bath-Iron-Works-Dissolve-LCS-Partnership_9560.html
  15. ^ http://defensenews.com/story.php?i=5339223&c=AME&s=SEA
  16. ^ Austal starts work on 2nd high-speed military transport ship
  17. ^ JHSV vs. LCS[permanent dead link‍]
  18. ^ Construction Commences on First Navy Joint High Speed Vessel
  19. ^ "Austal Celebrates Keel Laying for JHSV2 – the "Choctaw County"" (Press release). Austal. 8 November 2011. Archived from the original on 3 April 2012. Retrieved 11 November 2011. {{cite press release}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  20. ^ Austal to build JHSVs for U.S. Navy
  21. ^ Cavas, Christopher P. "JHSV Module Damaged at Ala. Shipyard." Defense News, 14 June 2011
  22. ^ "Expansion of Cape Class Program" (Press release). Austal. 13 December 2015. Retrieved 15 December 2015.
  23. ^ "Visit to Australia by Republic of Malta Deputy Prime Minister and Minister of Foreign Affairs The Hon Dr Tonio Borg" (Press release). Australian Government - Department of Foreign Affairs. Retrieved 17 April 2009.
  24. ^ ""Excellent Relationship" Sees Rapid Patrol Boat Construction" (Press release). Austal. 3 July 2009. Archived from the original on 3 September 2014. Retrieved 15 October 2009. {{cite press release}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  25. ^ "New AFM patrol boats launched". Times of Malta. 6 October 2009. Retrieved 15 October 2009.
  26. ^ "Austal Launches Maltese Patrol Boats" (Press release). Austal. 6 October 2009. Archived from the original on 3 September 2014. Retrieved 15 October 2009. {{cite press release}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  27. ^ "Patrol boats to be commissioned on Thursday". Times of Malta. 16 March 2010. Retrieved 29 August 2014.
  28. ^ ""Austal to Build 10 Naval Patrol Boats for Yemen."". Archived from the original on 20 November 2010. Retrieved 17 November 2010. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  29. ^ Knickmeyer, Ellen. "The Privateers of Yemen." Foreign Policy Magazine, 17 November 2010
  30. ^ Austal contract for two 72m High Speed Support Vessels is for the Royal Navy of Oman - Navyrecognition.com, 10 July 2014
  31. ^ "Oman receives second HSSV as Austal targets UAE". Jane's 360. 9 September 2016. Archived from the original on 11 September 2016. Retrieved 9 May 2017. The Royal Navy of Oman has received the second High Speed Support Vessel (HSSV) from Australian shipbuilder Austal.
  32. ^ "Sale of Stock Boat "Austal Hull 270", and Customisation Contract Award" (Press release). Archived from the original on 26 August 2014. Retrieved 24 August 2014. {{cite press release}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
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