Vinashin Posts Revenues

Friday, October 06, 2006
According to reports, Vietnam Shipbuilding Industry Corporation (Vinashin) reported an output value of over $567m and revenues of over $351m in the first nine months of 2006. The figures represented year-on-year increases of 40.7 percent and 73.3 percent respectively. In the period, Vinashin signed nearly $5b in contracts to build ships for partners from Japan, Germany, England, Poland and Israel. The corporation is under negotiations with Japanese and German partners, such as Kanematsu, Sojist and Mitsubishi, to build cargo vessels with capacities ranging from 8,700 tonnes to 56,300 tonnes and 900-1,100 TEU container ships.

It is also cooperating with the Viet Nam Oil and Gas Corporation (Petro Viet Nam) to build three 100,000 tonne oil tankers. Work on the first oil tanker is scheduled to start in October at the Dung Quat Shipbuilding Factory. To fulfill its yearly target, the corporation will focus on upgrading infrastructure, making use of domestic and foreign capital sources, and taking measures to reduce production costs. Source: Vietnam Agency

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Nigerian Oil Workers Call Off Strike After Talks with Government

Nigerian oil workers' unions have called off a four-day strike after reaching a deal with the government in a dispute over pensions, they said on Saturday. A

Nigerian Minister Pledges $1.3 bln for Power Companies

Nigeria's oil minister announced a 213 billion naira (1.3 billion US dollar) bail-out package for power companies on Saturday, nearly a year after the sector was privatised.

Russia's Yamal LNG Project May Tap Wealth Fund in 2014

Russia's Novatek may get funds from the National Wealth Fund for its Yamal LNG project before the year-end, a minister said, as part of government plans to support sanction-hit companies.

Finance

Statoil: New Compressor Means Heightened Production

The new compressor in operation on the Kvitebjørn field in the North Sea from 17 September will increase production there by 220 million barrels of oil equivalent

India's Coal Imports Causing Port Congestion

Congestion at Paradip expected to ease in a week if rains stop; higher-than-usual congestion at some other ports too. Indian power and steel companies are importing

Short-Term Perils of Lower Oil Prices: DW Monday

At present we are seeing lower oil prices as a function of softer demand growth in both Europe and China combined with recent output increases from OPEC, particularly Libya,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Ship Electronics Ship Repair Sonar
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: 0.1140 sec (9 req/sec)