Vinashin to Invest $18.9M in Shipyard Project

Tuesday, April 25, 2006
The Viet Nam 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, the country’s largest shipbuilder, 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 tonnes, 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 per cent by 2010, which would require investment of about $633m. (Source: Viet Nam News)
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Bid to Rescue Clyde Shipbuilder Ferguson

Jim McColl, one of Scotland's richest men, has tabled a bid to rescue collapsed Clyde shipbuilder Ferguson and aims to return the yard to its former glory by creating hundreds of jobs,

US’ Largest Floating Drydock Heads to Portland

The country’s largest floating drydock, the Vigorous, is headed for Portland this weekend. The drydock, a piece of equipment used to lift vessels as large as cruise ships out of the water,

Country’s Largest Floating Drydock Coming to Portland

The country’s largest floating drydock, the Vigorous, is headed for Portland this weekend. The drydock, a piece of equipment used to lift vessels as large as cruise ships out of the water,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Ship Simulators Shipbuilding / Vessel Construction Sonar 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: 0.0952 sec (11 req/sec)