Vinashin Posts Revenues

Friday, October 06, 2006
According to reports, Vietnam Shipbuilding Industry Corporation (Vinashin) reported an output value of over $567m and revenues of over $351m in the first nine months of 2006. The figures represented year-on-year increases of 40.7 percent and 73.3 percent respectively. In the period, Vinashin signed nearly $5b in contracts to build ships for partners from Japan, Germany, England, Poland and Israel. The corporation is under negotiations with Japanese and German partners, such as Kanematsu, Sojist and Mitsubishi, to build cargo vessels with capacities ranging from 8,700 tonnes to 56,300 tonnes and 900-1,100 TEU container ships.

It is also cooperating with the Viet Nam Oil and Gas Corporation (Petro Viet Nam) to build three 100,000 tonne oil tankers. Work on the first oil tanker is scheduled to start in October at the Dung Quat Shipbuilding Factory. To fulfill its yearly target, the corporation will focus on upgrading infrastructure, making use of domestic and foreign capital sources, and taking measures to reduce production costs. Source: Vietnam Agency

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

Legal

Largest Vessel to Call ICTSI, Rijeka

Adriatic Gate Container Terminal (AGCT), International Container Terminal Services, Inc.’s (ICTSI) container handling facility in the Port of Rijeka, Croatia, recently

MOL President Reports Slack Performance

MOL President, President, Koichi Muto reported that the performance of the company was slack.   Muto reported, "I am sad to report that our business performance fell short,

Focus on Environment at Suny Maritime

The State University of New York Maritime College’s 140th Anniversary Speaker Series presented a panel discussion on March 26 in the College’s Maritime Academic Center.

Finance

Can Shipping Lines Survive?

The world's shipping lines risk bankruptcy and will have to shed assets in order to stay afloat. The outlook for the global container shipping industry remains challenging for the remainder of 2015,

BMT Partners with Aage Hempel

BMT SMART (BMT),  has announced  that Aage Hempel has become an accredited service partner.  This agreement will provide both organizations with the opportunity

Tanker Backlog Builds at Basra

Ships face up to a three week wait; bad weather in February delayed loading, created backlog. * April intake to be reduced to clear backlog By Keith Wallis SINGAPORE,

 
 
Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
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: 0.1215 sec (8 req/sec)