Please select your home edition
Edition
Protector 728x90

Austal Acquires Philippines Shipyard

by Austal on 8 Nov 2011
Austal Philippines Austal Ships © http://www.austal.com/
Leading global shipbuilder and defence prime contractor, Austal has acquired a shipyard in the Philippines as part of its strategy to regionalise its manufacturing base for commercial vessels.

The $7 million acquisition of the former FBMA Marine shipyard enables Austal to establish shipbuilding operations at the West Cebu Industrial Park at Balamban, in the province of Cebu. Austal will invest a further $5 million to enhance the shipyard’s existing facilities.

Austal plans to commence vessel construction in the first quarter of 2012, dependant on orders, and expects to employ about 30 workers during the start-up phase. Future workforce growth is expected in line with market demand, and the site allows for efficient expansion of the facility when future operational and market conditions require.

Austal Chief Executive Officer Andrew Bellamy said the acquisition of the former FBMA shipyard is an important milestone in Austal’s corporate strategy to meet the requirements of key commercial vessel markets by further regionalising its shipbuilding operations.

'Our strategic review earlier this year found that there is strong demand in specific segments of the international commercial vessel market, such as fast crew transfer boats, work boats and 30 metre to 50 metre ferries,' he said.

'With our Australian and United States manufacturing operations increasingly defence focussed, we identified the need to regionalise our manufacturing base in order to be successful in those commercial vessel markets.'

Austal will primarily construct small and medium sized aluminium passenger ferries, work boats and transfer vessels such as Austal’s Wind Express series of wind farm support vessels at the Philippines shipyard. The shipyard is purpose-designed and built for building aluminium vessels of that size and type and will also have the skilled workforce and facilities to be able to undertake service and maintenance work. Austal is retaining its large commercial vessel manufacturing capability in Australia.

The Philippines shipyard has a history of aluminium vessel fabrication, and has previously delivered medium and high speed ferries, patrol boats and specialist work boats to operators based in Europe, Mexico, Australia and Asia.

Austal’s significant intellectual property in the design and construction of commercial vessels will be utilised at its Philippines operations, which will help ensure that Austal’s quality and performance standards are maintained.

'Our planned infrastructure enhancements combined with the existing pool of skilled local tradespeople and ancillary industries will support the same safe, efficient, high quality production we achieve in our other shipyards,' said Mr Bellamy.

'Austal now has an order book of approximately $1.8 billion, nearly all of it related to defence work and over 80 per cent attributable to our US operations. The new shipyard in the Philippines provides the right foundation to grow that order book further through increased commercial vessel sales,' he said.

The acquisition of the Asian shipyard will have no adverse effects on Austal’s Australian and US operations, with both manufacturing facilities currently under contract for several significant multi-vessel, multi-year defence programs.
KZRaceFurlersRS Sailing 660x82C-Tech Emirates TNZ

Related Articles

Int Moth Worlds - Zhik returns to its spiritual home at 2017 Worlds
Zhik is returning to its roots as the official clothing sponsor of the 2017 McDougall McConaghy Moth World Championships Zhik, the innovative sailing apparel specialist, is returning to its roots as the official clothing sponsor of the 2017 McDougall McConaghy Moth World Championships. And, ten years on, the Moths are returning to their spiritual home on Lake Garda. Zhik and the International Moth class are virtually synonymous with each other.
Posted on 20 Jul
World Sailing confirms strong presence at Yacht Racing Forum 2017
The tenth edition of the Yacht Racing Forum, in Aarhus, Denmark will reassemble the sport’s key personalities and actors The tenth edition of the Yacht Racing Forum, in Aarhus, Denmark (November 27-28) will once again reassemble the sport’s key personalities and actors, including a strong delegation of World Sailing representatives.
Posted on 19 Jul
Watch Change in Crosshaven - UK Sailmakers under new command
'Our strength has always been service, quality and people. Right now, they are Graham, Claire and Barry.' The famous Crosshaven loft that is part of the UK Sailmakers organisation will shortly have a new crew on deck. Barry Hayes, Claire Morgan and Graham Curran are taking over from Des McWilliam who is stepping down after 39 years in the business and 25 years at the helm of McWilliam Sailmakers.
Posted on 3 Jul
When the going gets hot Zhik has the answers on what to wear afloat
Whilst many of us Brits are looking in the sailing bag wondering what on earth to wear afloat in this heatwave Whilst many of us Brits are looking in the sailing bag wondering what on earth to wear afloat in this heatwave, Zhik the Australian sailing apparel innovators are set up for dealing with extreme heat, moisture management and sun protection.
Posted on 22 Jun
AkzoNobel named as official supplier to the Volvo Ocean Race Boatyard
The competing boats– including team AkzoNobel’s brand new Volvo Ocean 65– have already been coated with Awlgrip products AkzoNobel will be the official coatings supplier to the Volvo Ocean Race Boatyard in 2017-18, after signing a deal to ensure that the fleet of Volvo Ocean 65 racing yachts will be coated with the company’s International and Awlgrip range of products
Posted on 29 May
World Sailing and Volvo join forces for the future of sailing
The partnership is a signal of the Volvo Ocean Race's commitment to the sport and future of offshore sailing. As part of an ambitious plan, World Sailing will partner with the Volvo Ocean Race, owned by Volvo Group and Volvo Car Group, to develop the next generation of offshore sailors.
Posted on 18 May
TIMEZERO by MaxSea extends navigation partnership with Clipper Race
TIMEZERO by MaxSea, has been named as the Official Navigation Software Supplier for Clipper Round the World Yacht Race. Returning for its second race partnership, TIMEZERO by MaxSea, has been named as the Official Navigation Software Supplier for the Clipper 2017-18 Round the World Yacht Race.
Posted on 18 May
North Technology buys Hall Spars from receivership
North Technology Group (NTG) has announced the acquisition of the Hall Spars business out of receivership. North Technology Group (NTG) has announced the acquisition of the Hall Spars business out of receivership. The Hall Spars US parent company announced in early 2017 that it would be closing the doors due to well publicized financial challenges. The acquisition covers Auckland and Brekens and Hall Spars will re-establish in Rhode Island
Posted on 9 May
SAP brings cutting-edge solutions to World Sailing
World Sailing announces SAP, a market leader in enterprise application software, as its Official Technology Partner Over the next four years, SAP will bring its cutting-edge, innovative solutions to World Sailing's World Cup Series of events. SAP will transform the events by improving performance on the water, reinventing the fan experience on the shoreline and at home, simplifying operations for sailors and coaches and supplying media with information and insights to deliver a more informed commentary.
Posted on 2 May
New addition to North Sail for Volvo Ocean 65 racing machines
Their sails have powered eight out of nine Volvo Ocean Race winners since 1989-90, with Steinlager 2. Instead of assembling cloth panels into a particular sail shape, the Volvo Ocean Race sails are composites. This means that 3Di material 'tapes' are laid in a specific arrangement, offering stable structure to the sail where it is needed most.
Posted on 24 Apr