Dung Quat Shipbuilding News

Vietnam National Oil & Gas Group's Dung Quat Shipbuilding successfully carried out sea trials of a large crude oil carrier Following completion of the construction, Dung Quat Shipyard (DQS) in the presence of the owners, Petrovietnam Transportation Corporation (PVTrans) & classification society ABS, performed sea trials of a 104,000 DWT Crude Oil Tanker named PVT MERCURY.

A contract for mooring equipment for a pipelaying barge marks Cargotec’s successful entry to the Vietnamese offshore market. In July this year, Cargotec won a contract from the joint stock company Vinh Nam (VAM JSC)/TECMACH  to supply mooring equipment outfits for Vietsovpetro’s 110m-long by 30.5m-breadth pipelaying crane barge, Con Son. The 1969-built vessel is currently undergoing a conversion at Dung Quat Shipbuilding Industry Co Ltd. “The signing of this maiden contract in Vietnam demonstrates our client’s confidence in our capability,” says Gavin Lim, Cargotec's director of sales for towing and mooring solutions. As part of the conversion project…

Vinashin will invest $40m into building ten facilities to support the Dung Quat Shipbuilding Industrial Plant in central Vietnam. Construction of the factories is scheduled to begin this quarter in the Dung Quat Economic Zone of Quang Ngai Province. Under the plan, the new facilities will focus on manufacturing engines, pumping equipment, boilers and lifting equipment. Each plant will cost between $3.7m and $4.3m Vinashin has also recently opened a new subsidiary, Vinashin Offshore Industries in Hanoi. The new entity will focus on manufacturing floating storage and off-loading (FSO) units, moorings, oil drilling vessels and other industrial equipment.

Vietnam President Nguyen Minh Triet said that he expected the Viet Nam Shipbuilding Industry Group (Vinashin) to increase its international profile by producing more ships for the world market. Triet made these comments at a meeting with company officials and the management board of the Dung Quat Shipbuilding Company in central Quang Ngai Province. Triet also visited the Dung Quat Oil Refinery Plant and held meetings with the management board. Deputy General Director of the Viet Nam Oil and Gas Corporation Truong Van Tien briefed the President on the progress of construction over the past year, and affirmed that the management board was working closely with the project contractor to resolve issues, particularly in speeding up construction. Source: VNS

The Dung Quat Shipbuilding Industry Corporation and the Oil and Gas Shipping Investment Joint Stock Co on Tuesday signed a contract to construct ten 54,000-DWT freighters in a deal worth about $200 million. The vessels were designed by the Shipbuilding Science and Technology Institute, and are 190m long and 32m wide. Dung Quat Shipbuilding Industry Corp is expected to complete the first freighter by June 2008, and the remaining nine in four month intervals there after. Last month, Dung Quat Corp began building a 104,000 DWT oil tanker, which will be the largest such vessel ever made in Viet Nam when completed. Christened "Dung Quat 1", the ship will be 245m long and 43m wide, and cost $56 million.

Dung Quat Shipbuilding Co. signed a US$200-million contract to build ten 54,000-ton cargo ships for Vinashin Oil and Gas Investment and Transport Joint-stock Co. The 190-m long and 32.26-m wide ships, estimated to cost some $20 million each, will be designed by the Vinashin Shipbuilding Scientific and Technological Institute and registered by DNV, a registering agency of Norway. According to the contract, the first cargo ship will be handed over in June 2008 while the remainders will be transferred with an interval of four months. Vinashin Oil and Gas Investment and Transport Co. signed a contract for ten 22,500-ton cargo ships with Bach Dang Shipbuilding Co. Source: VNA

VNA reported that Dung Quat Shipbuilding Industry Corporation on October 30 began building a 104,000-tonoil tanker, the largest of its kind built in Vietnam so far. The construction, which uses technology from Poland, will be supervised by the American Bureau of Shipping (ABS). Experts from Japan, the Republic of Korea and Poland will take part in building the oil tanker. The same day, the Dung Quat Shipbuilding Industry Corporation and the Vietnam Shipping Corporation (Vinaship) signed a principle contract on the building of two 54,000-ton freighters. Under the schedule, the Dung Quat 01 oil tanker and one freighter will be completed and handed over to Vinaship by the end of March, 2008. Source: VNA

VNA reported that Dung Quat Shipbuilding Industry Corporation on October 30 began building a 104,000-tonoil tanker, the largest of its kind built in Vietnam so far. The construction, which uses technology from Poland, will be supervised by the American Bureau of Shipping (ABS). Experts from Japan, the Republic of Korea and Poland will take part in building the oil tanker. The same day, the Dung Quat Shipbuilding Industry Corporation and the Vietnam Shipping Corporation (Vinaship) signed a principle contract on the building of two 54,000-ton freighters. Under the schedule, the Dung Quat 01 oil tanker and one freighter will be completed and handed over to Vinaship by the end of March, 2008. Source: VNA

An affiliate of Vietnam shipbuilding giant Vinashin started work on the first of three 105,000 oil tankers under a contract last July with the state-run oil giant PetroVietnam. The $56m freighter to be 245m-long, 43m-wide and 20m-height will be built by Dung Quat Shipbuilding Industry Company and have state-of-the-art equipment satisfying latest international maritime conventions. The first will be handed over by the March of 2008, and the second and third by 2009 before the Dung Quat Oil Refinery goes on stream in 2009 – the first of its kind in the country which is now under construction in the central Quang Ngai Province. The company inked a $400…

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.

The Dung Quat Shipbuilding Industry Company has signed with American Bureau of Shipping (ABS) a contract under which the US firm will supervise the shipyard's building process of three oil tankers. Under the $400,000 contract, ABS, one of the world's leading ship classification societies, in collaboration with the Vietnam Register Agency will send its supervisors to the shipyard to supervise the quality of all stages to build the oil tankers, which will begin at the end of this month, said Dinh Tien Dung, Deputy Director of the Dung Quat shipyard. The first oil tanker with capacity of 104,000 DWT is expected to be handed over to the Vietnam Oil and Gas Corporation by mid 2008…

VNA reported that Dung Quat Shipbuilding Industry Company has signed with American Bureau of Shipping (ABS.) The contract means the classification society will supervise the shipyard's building process of three oil tankers. Under the $400,000 contract, ABS, in collaboration with the Vietnam Register Agency will send its supervisors to the shipyard to supervise the quality of all stages to build the oil tankers, which will begin at the end of this month, officials from the Dung Quat shipyard. The first oil tanker with capacity of 104,000 DWT is expected to be handed over to the Vietnam Oil and Gas Corporation by mid 2008, helping meet the demand for the transport of materials and products for the Dung Quat Oil Refinery…