Advertisement

RAN: Slow down under

The progress of Australia’s largest defence project for Air Warfare Destroyers is to be delayed to help spread government payments. The measure comes after substantial cuts to defence spending, totalling A$5.45 billion over the next four years, were introduced to help balance the books. The revised timetable for the three ships means Hobart will now not be delivered until March 2016, while the gap between the second and third ship will be extended, so Brisbane is to be completed in September 2017 and Sydney in March 2019.

Defence hopes the scheduled slowdown will also improve the quality of construction work. Completion of Hobart was previously set back by 15 months after welding on the keel was botched at Melbourne shipyards in 2010. The mistake soured relationships with Navantia, and forced the reallocation of work to other shipyards.

Ships Montly - January 2024

Red Sea disruption pushing up container values and rates

Container values have risen significantly across almost all sectors and age categories since the start of the year. Following an extended period of declines, where...
Advertisement

Related articles

Red Sea disruption pushing up container values and rates

Container values have risen significantly across almost all sectors and age categories since the start of the year. Following...

Maersk’s second large ‘methanol-enabled’ vessel named Astrid Mærsk

In a ceremony in  Japan on 4 April, Maersk’s second large methanol-enabled container vessel was formally named Astrid...

ZIM shipping continues to expand fleet

A substantial newbuilding programme along with recent vessel deliveries has propelled Israeli-based ZIM Integrated Shipping Services ahead of...

Stena Line acquires shares in Africa Morocco Link to expand outside of Europe

Stena Line has entered an agreement to acquire 49 per cent of the shares in Morocco based ferry...