Vinashin Posts $491,640 Revenue for 2005

Tuesday, January 10, 2006
The Vietnam Shipbuilding Industry Corporation (Vinashin) posted a total revenue of $491,640 in 2005- an increase of 41 percent over 2004, and a total production value of $692,457, a 46 percent year-on-year increase. Vinashin won many contracts to build high-tonnage cargo ships and container ships for export to developed countries with high-tech shipping industries such as Japan, Germany and Poland, with the largest contract from England- worth $22 million- to build 21 53,000-tonne ships. The group has got off to a flying start in the global financial and ship building markets, raising Vietnam to the 11th position among the world's countries with hi-tech ship-building industries. The corporation expects to raise its total output in 2006 to over $995,600 and its turnover to more than $703,205, year-on-year increases of 43.9 and 44 percent respectively.
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Sri Lanka Port Project: China Merchants, CHEC Invest $601-M

Two of China's largest port operators and engineering firms have agreed to invest in a $601 million terminal in Sri Lanka's Hambantota port, part of a series of

Viking Supply Ships Sell PSV 'SBS Cirrus'

Rederi AB TransAtlantic subsidiary Viking Supply Ships says it has sold the 1985 built platform supply vessel SBS Cirrus. The vessel has been delivered to its new owners,

UK Chamber Stance Neutral on Scottish Independence

The UK Chamber of Shipping is taking a neutral position in the Scottish independence debate and has given both the Yes and Better Together sides space on its website

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3355 sec (3 req/sec)