Civmec steers into shipbuilding ahead of its dual listing on ASX

Mr Fitzgerald (left) says significant revenue from shipbuilding is expected to stream in only from FY2021 while Mr Tallon (right) says shipbuilding is not a shift away from the company's main focus.

Singapore

AUSTRALIAN builder Civmec is steering into shipbuilding with a major A$4 billion (S$4 billion) deal clinched with its joint venture partner, German shipyard Lürssen, to build a fleet of 10 offshore patrol vessels (OPVs) for the Australian Navy.