Vinashin to Invest $18.9m in Ca Mau Project

Monday, April 24, 2006
According to reports, Vietnam Shipbuilding Industry Corporation (Vinashin) recently announced it would invest $18.9m in the construction of a shipyard in the southernmost province of Ca Mau. Vinashin said it had selected a 54 hectare site in the province’s Nam Can District for the new facility, which is to be used to build ships displacing 5,000-10,000 tons, the average size of its current fleet. Up to 4,000 employees will work at the new shipyard once it is operational in 2008, and the State-owned company is already working with provincial authorities to train local workers. Vinashin said its latest project was part of its plan to increase local content in shipbuilding to 65 percent by 2010, which would require investment of about $633 m. The company is to focus on producing rolled steel for ship hulls, 300 to 30,000 horsepower diesel engines, steering systems and onboard cranes, it said. These projects would increase the localisation rate from the current 25 percent, with locally-made steel accounting for 26 per cent of average total dead weight tonnage, and engine and steering systems accounting for about 23 and 6 per cent, respectively. Source: VNS
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

HydroComp to Hold Propeller 'Mini-Workshop'

A special version of HydroComp's intensive Propeller Workshops will be brought to Tampa before the start of IBEX 2014.   The Mini-Workshop is a special version

Danos Adds Environmental Services

Danos recently added an Environmental Services Division to the company’s collection of oilfield related services, which includes production workforce, construction,

Star Bulk Takes Delivery of First Capesize from JMU

Athens, Greece-headquartered Star Bulk Carriers says it has taken delivery of 'M/V Peloreus' a 182,000 dwt Capesize built by Japan Marine United (“JMU”) and the

 
 
Naval Architecture 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: 0.1006 sec (10 req/sec)