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 Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

U.S. Oil Train Traffic mostly from Midwest to East Coast

U.S. oil trains delivered more than 13.5 million barrels of crude oil from the Midwest to the East Coast in January, according to government data that gives a first

Maersk to Install Transas ECDIS on 100 Vessels

Maersk Line, the world's largest container company, has selected Transas Marine for ECDIS implementation on more than 100 vessels, Transas announced today. The

Baltic Sea Freight Index Edges Higher

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Monday as rates rose for vessels across all segments.

Environmental

U.S. Oil Train Traffic mostly from Midwest to East Coast

U.S. oil trains delivered more than 13.5 million barrels of crude oil from the Midwest to the East Coast in January, according to government data that gives a first

MAN Demonstrates Two-Stroke Methanol Engine Concept

MAN Diesel & Turbo successfully demonstrated its ME-LGI concept engine in front of customers and partners at its Diesel Research Center in Copenhagen on March 17th, the company announced today.

Becker Marine at Electric & Hybrid Marine Expo

Becker Marine Systems product presentation at the dutch Electric & Hybrid Marine World Expo will put a strong focus on environmentally-friendly technology for the

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Salvage Ship Electronics Ship Simulators 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: 0.1217 sec (8 req/sec)