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 June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Bahrain US$35-M Land Reclamation Contract for GLDD

Provider of dredging services in the United States and a major provider of environmental & remediation services, Great Lakes Dredge & Dock Corporation (GLDD) says

Global Ocean Trade: Latest Shipbuilding Orders

No tankship orders noted the past week by Clarkson Hellas in their latest S&P Weekly Bulletin, but no lack of orders in the dry bulk carrier market, all from Far East shipbuilders.

Scorpio Tankers: Latest Financial & Ship Delivery News

Scorpio Tankers Inc. says it has updated its stock buyback program; lists its latest new vessel deliveries, and gives the release date of its second quarter 2014 earnings report.

Environmental

USCG to Assist Jamaica with MRO

Jamaica’s readiness for Mass Rescue Operations (MRO) in its maritime space will be boosted July 22-24, 2014 with the assistance of a subject matter expert from the U.

Thai Resort Owners Sue State Owned Company for Oil Spill

Business owners on Koh Samet island are suing a state-owned petroleum enterprise for the oil spill that polluted the resort island's beaches last year. More than 50,

Hyde Marine Makes BWTS Installation Agreements

Hyde Marine, Inc., a wholly owned subsidiary of Calgon Carbon Corporation, says it has established two partnership agreements for installation of the chemical-free

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators
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: 0.1137 sec (9 req/sec)