Vinashin Builds Oil Tank for PetroVietnam

Tuesday, December 19, 2006
Vietnamese state-owned shipyard Vinashin has clinched a $110m order for a floating storage and offloading (FSO) unit for an affiliate of state giant PetroVietnam. Under an agreement signed between Vinashin and Petroleum Technical Service Company (PTSC), FSO-05 will be designed to have a loading capacity of 150,000 tons and handle 15,000 tons of oil a day.

It is to be built in the next 17 months. Vinashin said it would use advanced British technology to build the FSO. FSOs are usually used in oil fields where it is impossible to lay pipes linking the drilling platform with onshore facilities. The drilling platform transfers oil to the FSO where it is stored until a tanker arrives. PTSC, which provides oil and gas technical services for both domestic and foreign companies in Vietnam, has plans to expand into Southeast Asia. Earlier this month Vinashin won a $536mcontract to build eight vessels for Hoegh Autoliner of Norway. The shipbuilder is expected to rack up revenues of $1b this year, up from $690 in 2005. Along with its 20 subsidiaries it has helped Vietnam become the world’s 11th largest shipbuilder. Thanhnien

Maritime Today


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

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

Contracts

Lower Large Dry Bulk Rates drag Baltic Index

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday dragged down by lower demand for larger vessel segments.

EGAS: Egypt to tender for 10 LNG Cargoes

Egypt will tender next week to import 10 cargoes of liquefied natural gas (LNG) for delivery in July and August, an official from the state gas company, EGAS, said on Thursday.

Asia Dry Bulk-Capesize Rates Could Climb

More coal cargoes, rising oil prices could support rates. Freight rates for large capesize dry cargo ships on key Asian routes are likely to rise next week on

Environmental

Dubai Partners with WOC on Ocean Sustainable Dwevelopment

The Dubai Council on Marine and Maritime Industries (DCMMI) and the World Ocean Council (WOC) have agreed to collaborate on ocean sustainable development and corporate ocean responsibility.

Design Concept: Zero Emissions Cargo Ship

The designs for a multi access zero emissions cargo ship will be unveiled at the 5th Natural Propulsion Seminar in Wageningen, Netherlands, on Tuesday, May 24. The

First Cruise Company Fined under Australia’s New Fuel Rules

Australia’s NSW Environment Protection Authority (EPA) has fined Carnival PLC $15,000 after one of its P&O Cruises ships, the Pacific Jewel, breached new low sulfur fuel regulations in Sydney Harbour.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators
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: 0.0821 sec (12 req/sec)