Austal profits up 66.8%

Australia-based ship builder Austal Limited announced a record net profit of AUD53.2 million (USD37.4 million), up 66.8% on FY14 NPAT of AUD31.9 million, last week. It is the company’s best result in nearly three decades.
A global shipbuilder supplying Australian, Oman and the US defence forces,
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Austal profit up 66.8%

Australia-based ship builder Austal Limited announced a record net profit of AUD53.2 million (USD37.4 million), up 66.8% on FY14 NPAT of AUD31.9 million, last week. It is the company’s best result in nearly three decades.
A global shipbuilder supplying Australian, Oman and the US defence forces,
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Drop in Newcastle coal ship arrivals

A drop in ships destined for the world’s biggest coal port of Newcastle has this week sparked concerns that the tide has turned for Australian coal – and beyond.
The Newcastle Port Authority reported for the week ending 31 August that 21 coal vessels had notified arrival times allocated or were in
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