Victoria’s Last Warship-Building Shipyard Sold to HK-based Group, Analysts Weigh In
Williamstown Shipyard was used to construct all 10 ANZAC class frigates for Australia and New Zealand.
TL;DR
- Victoria's last warship-building shipyard, Williamstown Shipyard, has been sold.
- The sale has raised concerns among defence analysts.
- The shipyard was sold to Australian business EMKC3, part-owned by Hong Kong-based EMKC Group.
- The sale price is around A$200 million.
- Reported plans include building residential apartments, retail, and light industry.
- The shipyard previously built all 10 ANZAC class frigates and worked on Landing Helicopter Dock vessels.