Graig builds Diamond alliance in Vietnam

Monday, February 09, 2004
CARDIFF-based Graig Group has placed five firm orders and secured ten options for its Diamond 53 handymax double-hulled bulker with Vietnamese state shipbuilder Vietnam Ship Industry Corporation (Vinashin). The orders are part of a ground-breaking strategic alliance which will see the Vietnamese yards expand the range and quality of their output, drawing on Graig's long standing experience with building high quality ships in China.

"This series of orders for our robust and practical double-hull bulker design gives us attractive delivery positions," says Hugh Williams, ceo of Graig. "At the same time, we can help the Vietnamese yards with the design, with procurement, with finance and with all important quality control. Our experience of working with yards in China to build series of ships means we can help the yards to develop, and give confidence to our partners that Vietnam can provide them with high quality tonnage. The Diamond 53 design offers owners and charterers major operational cost savings, while significantly enhancing safety and environmental protection. This series means that owners can have that at a competitive price."

Delivery date for the first Vinashin vessels is January 2006. The ships will be built at two state-backed shipyards, Halong, in Quang Ninh province, and Namtrieu Shipbuilding Industry Company in Haiphong. These will be the largest and most sophisticated vessels yet built in Vietnam. "We have inspected the yards and are confident that with the right support they can not only build these ships to a good standard, but will grow to become another substantial shipbuilding centre," says Williams. "There has already been substantial investment in modern shipbuilding equipment and practices, with the full support of the Vietnamese government. Graig will be opening an office in Vietnam to serve this project and other projects currently under discussion. We see this as a logical extension of our activities in China where we have a long history of successfully working with series construction in Chinese shipyards."

The Diamond 53 ultra-handymax double hull bulk carrier design has been developed jointly by Graig and Denmark's' Carl Bro after detailed discussions with charterers. Graig and Carl Bro have a joint venture design company based in Shanghai. The vessels will be classed with DNV: - DnV +1A1 Bulk Carrier with full Nauticus package including a full 3-D model. Fourteen Diamond 53 vessels have already been ordered in China, and the first vessel is scheduled for delivery this year.

Diamond 53 is a geared, wide-hatched, 53,000 dwt handymax bulk carrier with double hull and a high specification intended to address the current concerns raised by IMO/IACS around bulk carrier safety. The vessel has 5 cargo holds, equipped with end-folding hydraulically operated hatch covers and four 36 tonne electro-hydraulic luffing cranes. Further details of the Diamond 53 design can be found on the www.graigcarlbro.com website.

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

Legal

Deadliest Weekend Ever in the Mediterranean: UNHCR

More than 700 people fleeing Africa and the Middle East may have drowned in shipwrecks in the Mediterranean over the last week, bringing the death toll this year to almost 3,

Seaspan Agreement with GCII & Blue Water

Seaspan Corporation announced today that it has entered into an agreement with Greater China Intermodal Investments LLC and Blue Water Commerce, LLC to extend

Deal to End Lockout at Canada Uranium Mine

Canadian uranium producer Cameco Corp and the United Steelworkers union, which represents 535 workers at the world's largest uranium mine and a nearby mill,

Bulk Carrier Trends

Ferus Smit Building LNG Powered Cement Carrier

The first unique LNG powered ship that Ferus Smit has on order for Erik Thun A.B. will be built and equipped as a dedicated cement carrier. The ship will be delivered to the joint venture JT cement,

Scorpio Bulkers Upsizes Public Offering

Scorpio Bulkers Inc. announced today that it has further upsized and priced its previously announced offering of senior unsecured notes due 2019 in a registered public offering.

Sharp Slowdown in China Industrial Activity

The slowdown in Chinese industrial production growth ads to the existing concerns that China is going through challenging times, as Beijing aims for a soft landing and a transition of the economy,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
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: 0.1172 sec (9 req/sec)