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

People & Company News

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

Maritime Safety

NZ Report: Human Error to Blame for Rena Grounding

New Zealand's Transport Accident Investigation Commission (TAIC) published its final report into the grounding of containership Rena in October 2011. The TAIC’s

DNV GL Targets Safer Approach to Subsea Lifting

The completion of a joint industry project (JIP) to improve existing standards and regulations around subsea lifting operations has resulted in a new recommended practice (RP).

NOAA: US to See More Floods from Sea Level Rise

Most of U.S. coast may see 30 or more days a year of floods up to 2 feet above high tides. By 2050, a majority of U.S. coastal areas are likely to be threatened

 
 
Maritime Careers / Shipboard Positions Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.1419 sec (7 req/sec)