Vinashin Sees $493M Turnover in 2005

Thursday, January 12, 2006
The Viet Nam Shipbuilding Industry Corporation (Vinashin) generated a turnover of $493 million last year, marking a 41 percent jump over 2004 revenue. Last year the corporation signed a number of major construction contracts for large cargo ships. Many of the deals were made with countries with advanced shipbuilding capacity, including Denmark, the UK and Poland. Last August, Vinashin closed a $68 million deal to supply four container ships to Denmark’s Rederiet Fabricius A/S. Fabricius Marine placed a $4.3 million order for a 2,500 DWT container ship, scheduled for delivery by late 2006, while the company took on a $212 million contract to build eight cargo ships for UK-based Graig Investment Company. The largest single contract signed by the corporation was to build 21 53,000-tonne cargo ships for a British shipping concern, with a unit cost approaching $22 million. Vinashin this year expects to gain a turnover of more than $705 million, year-on-year increases of 44 percent. (Source: VNS at http://vietnamnews.vnagency.com.vn)
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Diamond Offshore Shares on the Rise

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices,

Italian Pleads Guilty to Marine-hose Price-fixing in US

A former executive of Parker ITR Srl pleaded guilty on Thursday to conspiring to rig bids for marine hose and was sentenced to two years in prison, the U.S. Justice Department said on Thursday.

Ecochlor Raises $10m for BWT Maket

Ecochlor, Inc. announced that it has completed a $10 million equity financing to support its growth into the burgeoning ballast water treatment market. Since its formation in 2001,

Maritime Safety

Port Launches Emergency Landing Craft

Port of Long Beach officials welcomed a new addition to their small fleet of boats this week with the delivery of a refurbished and retrofitted landing craft that

IMB: Piracy Falls to Lowest Level since 2007

The International Chamber of Commerce’s International Maritime Bureau (IMB) has revealed that piracy on the world’s seas is at its lowest first-quarter level since 2007,

Lawyer: Korea Ferry Owners Accept Responsibilities

The family that has a major stake in companies that control the shipping operator whose ferry sank last week, likely to have killed hundreds, will take social and

 
 
Maritime Contracts Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.1194 sec (8 req/sec)