Shipbuilder collapses into administration after fire

brisbane-based shipbuilding company Aluminium Boats Australia has collapsed into voluntary administration following the loss of one if its navy vessels in a massive fire earlier in the year.               The company is the latest Australian manufacturing company to collapse, with FTI Consulting Group’s John Park and Kelly Trenfield appointed as administrators on Tuesday. A statement provided…

No guarantees for 21 construction projects left in limbo after St Hilliers’ voluntary administration

In short: There is uncertainty about which of St Hilliers’ construction projects will resume after the company went into administration. It owes up to $10 million to subcontractors and suppliers and potentially up to another $20 million in other debt. What’s next? The administrators have asked for a three-month extension before the next creditors meeting. The…