Vietnam Shipbuilding Growing

Friday, February 03, 2006
The Vietnam Shipping Corp. (VINASHIN) grew 46.5 percent last year, reporting a turnover of $ 692 million. This year, VINASHIN has lined up several large projects including construction of and upgrades to 14 shipyards, the most prominent of which are Song Hong, Ha Long, Nhat Le, and Nghi Son in the north and Dung Quat, Cam Ranh, and Da Nang in the central region. The state-owned giant plans promotions, training programs, and market expansion in Egypt, Japan, and several European countries besides forming a partnership with Japan’s Universal Corp. to manufacture ship parts. Source: Thanhnien

Contracts

Austal Dives into Loss

Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

Shipbuilding

Austal Dives into Loss

Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.

Keppel to Deliver First North Sea FPSO

Keppel Offshore & Marine (Keppel O&M)'s wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) is on track to deliver a Floating Production Storage and Offloading

STX to Slash Jobs, Sell Yard

To stat above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ.

 
 
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