Korean Shipbuilder Considers Project in Khanh Hoa

Tuesday, July 25, 2006
A South Korean ship manufacturer is mulling a project to develop a large-scale shipyard in the coastal central province of Khanh Hoa that should be able to build giant vessels of up to 400,000 DWT, a local official said.

A source from the provincial Service of Planning and Investment said South Korea’s STX Shipbuilding Co., a member of STX Group, has proposed to develop a shipyard costing $500m at Van Phong Bay. The proposal has received preliminary support from the provincial government and its relevant agencies. Nguyen Xuan Long, director of the planning and investment service, said that the province and its agencies were putting more efforts on attracting more foreign investment. Therefore, provincial authorities were asking the central government and the Ministry of Planning and Investment (MPI) to give the green light for the investor to go ahead. If approved, this project will help boost socio-economic development in the province as well as rank Vietnam in the list of the biggest shipbuilders in the world.

An official of the transport ministry, which has prepared the master plan for developing a complex of ports and shipyards in Van Phong Bay, said the project would play an active role in the development of the Van Phong Economic Zone. More details of the project, including the time frame for its construction, have yet to be brought out. Source: Saigon Times

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Partners Tap Standardization to Trim Newbuild Costs

Unfamiliar specifications and processes often result in rework, delays and misunderstandings, and are adding thousands of engineering hours to the design and construction

Damen Opens US Office

Damen Shipyards Group has announced the opening of a new branch office in Houston, Texas. This expansion, under the name of Damen North America, meets the increasing

French PM: Aussie Subs to be built in Australia

French Prime Minister Manuel Valls said on Monday he was committed to building all of a new Australian submarine fleet in Australia, apparently contradicting the

Tanker Trends

TEKEVER Develops Vessel Tracking for Small UAS

TEKEVER will present at Xponential/AUVSI its new vessel detection capabilities for its UAS product lines. Available for TEKEVER’s AR3 and AR4 product lines, the

MOL's LNG Carrier KUMUL Delivered

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced the delivery of the LNG carrier KUMUL at Hudong-Zhonghua Shipbuilding (Group) Co.

NAT Acquires Four 150,000dwt Tankers

Nordic American Tankers Limited ("NAT" or the "Company") announced today that it has entered into an agreement to acquire four existing Suezmax sister vessels built in Japan at a world-class shipyard.

 
 
Maritime Security Naval Architecture Navigation Pipelines Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1065 sec (9 req/sec)