EXPANDING INTO STEEL, AUSTAL USA BUYS MORE LAND, DRY DOCK

摘要

FOLLOWING AN EARLIER announcement that its Mobile, Ala., facilities will be expanded to build steel ships, Austal Limited reports the execution of a conditional agreement to purchase additional waterside land and facilities. The property and facilities on the Mobile River include a dry dock capable of launching not only Austal's current range of vessels but heavier steel ships in the future. The agreement reached is with Modern American Recycling and Repair Services of Alabama (MARRS) and covers over 15 acres of waterfront land, buildings, and assets including an existing dry dock on the MARRS's Mobile riverfront property. MARRS acquired the property of the former World Marine LLC on January 22, 2019, including its Panamax-size floating dry dock.