Victoria’s Last Warship-Building Shipyard Sold to HK-based Group, Analysts Weigh In

Concerns have been raised by defence analysts regarding the sale of Victoria’s last warship-building shipyard, Williamstown Shipyard. The shipyard, previously owned by BAE Systems Australia, was sold this year to EMKC3, which is partially owned by Hong Kong-based EMKC Group. There are reported plans to redevelop the site for residential apartments, retail, and light industry.

• 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.