Vietnam Shipbuilding Expansion Moves On

Friday, February 23, 2007
It is being reported that the Vietnamese government has given approval in principle for STX Shipbuilding Co. Ltd of South Korean, to build a $500m shipyard covering 300 hectares in the Van Phong Economic Zone in Vietnam. Vietnam is keen to progress shipbuilding as a national champion and this is the latest development towards her goal of becoming a world-class shipbuilder to rival other countries such as China, South Korea and Japan.

Although there are 'certain formalities' to go through before final approval, it is almost certain that there are just purely formalities and the construction of the new shipyard will go ahead, as Prime Minister Nguyen Tan Dung has instructed state agencies 'to help' the company with them. It is expected the yard will have a capacity of between 900,000 and 2.5 million Dwt between the first and second phases of construction. Other projects mooted for the Van Phong Economic Zone by foreign investors include:

A 2,640MW thermal power plant, costing $4 billion, by Japanese Sumitomo Group 1 million ton per annum petrochemical factory costing $1.2 billion by SP Chemicals of Singapore A $1.5 billion steel complex, capacity of 4-8 million tons of steel a year by South Korea's POSCO. The new shipyard will we located at Khanh Hoa, just north of the existing VInashin-Hyundai shipyard. Source: Shipping Times

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Scorpio Tankers' Buyback Plan, Newbuild Delivery

Scorpio Tankers Inc. announced today (i) a new $250 million Securities Buyback Program, (ii) that it has recently taken delivery of an MR product tanker and

New Power Optimization Solution for LNG Carriers

NAPA and DSME launch tailored NAPA-DSME Power Solution for LNG carriers; leading LNG carrier shipyard offers specialized performance monitoring solution   South Korean shipbuilder,

BWTS Newcomer Sees Early Success

Norwegian manufacturer of ballast water treatment systems MMC Green Technology reports it has sold more than 70 systems since going commercial with its MMC BWMS two years ago,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Port Authority Ship Electronics Ship Repair 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: 0.1764 sec (6 req/sec)