Vietnamese Shipbuilder Aims for Record Production this Year

Friday, January 27, 2006
According to reports, Vietnamese state-run giant shipbuilder has targeted $1B in production value this year and aims to double it by 2010 through expansion. The corporation planned to expand its nationwide shipyards in a bid to build up three shipbuilding clusters in the northern, central and southern region, Lam added. The northern cluster would focus on building container ships and oil tankers of around 70,000-DWT (Dead Weight Tonnage); ships of between 250,000-300,000 DWT in the central area; and ships of 30,000 DWT in the southern cluster. The corporation is planning to purchase designs of ships and shipbuilding technology from advanced global shipbuilding companies in Japan, Poland and the Republic of Korea. Vinashin will strive this year to achieve the Government-set target of raising the domestically made rate of its products to 60 percent by 2010. Last year, the corporation won more than 10 contracts to build cargo and container ships with Japan, Germany, Britain and Poland. Vinashin posted a production value last year of $690 million and a revenue of $490 million, up 46 percent and 41 percent over the previous year, respectively. Source: Vietnam News Agency
Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Yachting Malta PPP Sets Sail

Yatching Malta Ltd (YML) - a new public private partnership (PPP) between the government and the Royal Malta Yacht Club (RMYC) was formed with the aim of putting Malta on "the global yachting map".

China Cosco's Profit Up 54%

The Shanghai-and-Hong Kong-listed flagship unit of China Ocean Shipping Group, China Cosco Holdings Co Ltd says that its 2014 net profit went up 54 percent y/y at 362.

Cruise Giant Carnival to Expand its Fleet

The world's largest cruise ship company Miami-based Carnival Corp. has signed agreements with German and Italian ship builders to build nine new ships over a four-year period, starting in 2019.

Navigation

US Will Work to Ensure Bab-el-Mandeb Strait Remains Open

The U.S. military will work with Gulf and European partners to ensure the strategic Bab el-Mandeb Strait at the tip of the Red Sea remains open to commerce despite fighting and instability in Yemen,

BMT’s REMBRANDT-INLAND Simulation Tool

Brown Water Training and Collision Reconstruction Taken to a New Level When a new or expanded port is planned on an inland waterway, how do you assure the civil

Using AIS Data to Assess Collision Risks

Automatic Identification System (AIS) data is now being used to determine the collision risk for offshore installations. MARIN helps oil companies with risk assessments

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Sonar 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: 0.1186 sec (8 req/sec)