Shipbuilder to Invest $40m in Central Facilities
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.
New Technology Debuts in Oslo
NorShipping 2001, held in Oslo, Norway in early June, once again proved to be a dynamic exhibition complete with some of the more influential personnel in the marine business on-hand for the week long event. As usual, marine manufacturers used the platform of NorShipping to launch new products, systems and services to the international market, some of which is detailed in the following report. Wärtsilä Corp., the ubiquitous propulsion system manufacturer announced that it had received a contact to supply the complete marine power system for the first of a series of environmentally safe 40,000-dwt chemical/product tankers building at the San Marco shipyard in Italy. For the 40,000-dwt tankers, Wärtsilä will be just that, as it is responsible for the complete functionality of the system.
