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 Today


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

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

Shipbuilding

NASSCO Delivers Garden State to APT

Marking its seventh ship delivery in the span of just over a year, General Dynamics NASSCO has delivered the newly built ECO Class tanker Garden State for American Petroleum Tankers.

LNG-fueled Bulker Ordered from Korea

Hyundai Mipo Dockyard (HMD) has signed a contract to build a 50,000 dwt bulk carrier with ILSHIN LOGISTICS. The project is a collaboration between POSCO and ILSHIN

VesselValue.com: $28.4B Worth of Ships Delivered to Date

As the calendar now indicates we have passed the half year mark on 2016, VesselValue.com offers insight on the number and value of all the 2016 built vessels that

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Offshore Oil Pod Propulsion Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction 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: 0.0516 sec (19 req/sec)