The board of shipbuilder Austal has finally changed religion, and just in the nick of time.Having rebuffed all comers for years, the board has let South Korea’s Hanwha in for due diligence on its US shipbuilding business, having made an up to $US1.2 billion ($1.7 billion) offer that basically means Austal’s shareholders would be left with its Australian business for free.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles