Business
Austal sails into South China Sea, backed by might of US – The Australian Financial Review
A giant US private equity firm with strong ties to the Pentagon is joining forces with ASX-listed Austal to buy strategically important shipyards in the South China…
Austal is also the frontrunner to build six new offshore patrol boats for the Philippines, where it already has a substantial shipbuilding footprint.
In a briefing widely reported in the Philippines, Mr Robinson suggested the deal to buy the Hanjin shipyard could be finalised in the next two months.
Austal went into a trading pause on Thursday before issuing a statement acknowledging Mr Robinsons comments and saying it would keep the market informed of any developments.
Mr Robinson said: Im hopeful…
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