Austal history

By the end of the de cade its crafts were operating in Scandinavia, Greece, Turkey, the En glish Channel, and the Irish Sea. (After years of conquering world ma rkets with its ferries, Austal would finally sell one to a local oper ator, Kangaroo Island SeaLink, in January 2002.)

The EFT is similar to the Austal-built MV WestPac Express, which the US Marineshad used since 2002.

Incat would go into receiversh ip in 2002, however.

The company lost AUD 18.7 million in the 2002-03 fiscal year, in large part due to cost overruns at the Oceanfast unit, whic h was losing money on a AUD 70 million luxury craft for Norman and tw o other boats.

Trimarans in 2003 and Beyond

Austal USA was a subcontractor to General Dynamics subsidiary Bath Ir on Works on a contract to design a new high-speed surface vessel, the Littoral Combat Ship (LCS), for the United States Navy in 2004.

The first major expansion was completed in November 2005, shortly after Austal began designing the Independence-variant Littoral Combat Ship for the United States Navy.

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

Austal was signed up to supply two 340-foot ferries to the Hawaii Sup erferry project beginning in 2006.

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 program potentially worth over US$1.6 billion.

Austal’s Middle East Service Centre is located in Muscat, Oman and since early 2009 has provided through-life capability management and in-service support to commercial and defence operators throughout the region, including the Royal Omani Coast Guard and the National Ferries Company.

Construction on the second ship started in September 2010.

On 29 December 2010 the US Navy announced a new contract with Austal USA after Austal severed ties with General Dynamics.

8 November 2011. http://www.austal.com/en/media/media-releases/11-11-08/Austal-Celebrates-Keel-Laying-for-JHSV2---the-Choctaw-County.aspx.

In 2011, Austal acquired a major commercial ship-building facility at Balamban on the island of Cebu in the Philippines to construct high speed passenger and vehicle carrying ferries, offshore crew transfer and wind-farm vessels.

In August 2018, after posting a near record profit, Austal chief executive, David Singleton, revealed they had walked away from the AU$3.5 billion offshore patrol vessel building project for next generation RAN ships.

As of 2018, Austal has designed and constructed over 300 vessels for numerous defence forces and commercial fleet operators.

In its FY 2018 financial report, amongst its annual achievements the company highlighted an impressive 17 new ships ordered, 47 ships scheduled or under construction, five ships delivered, and 32 ships under refurbishment from its five shipyards and three service centres.

increased volume in Viet Nam following the completion of the new shipyard at the end of FY 2018 and receipt of a contract for a 94 metre ferry.