Austal leaves door ajar in takeover bid from Hanwha Ocean

CHRISTCHURCH, New Zealand — Despite an initial rejection from Austal, South Korean firm Hanwha Ocean’s bid to buy out the Australian shipbuilder has some analysts pondering the benefits of such deal. Jennifer Parker, a naval analyst at the National Security College...

Indonesia turns to France’s Naval Group for submarines

CHRISTCHURCH, New Zealand — Indonesia has signed a contract with local firm PT PAL and France’s Naval Group for two Scorpene-class submarines, the latter business announced. The two companies will jointly build the boats under the deal, inked March 28. The Indonesian...