Vietnam Seeking Private Investment in Ports
Vietnam's Ministry of Transport is seeking private sector investment for construction of seaports, Vietnam Briefing reported last week. The Vietnam Maritime Administration will announce a list of 42 maritime infrastructure projects, including 18 seaports, looking for private investment, said Do Duc Tien, Deputy Chief of the Vietnam Maritime Administration. The privatization of Vietnam's ports is part of an initiative launched in April 2014 to privatize an estimated 432 state-owned enterprises between 2014 and 2015.
LPG Tanker for the Mekong River
The Saigon Shipbuilding & Marine Industries One Member Co, Ltd. (Saigon Shipmarin) is completing construction of an 60- x 11-meter LPG carrier. With capacity for 1,400 cubic meters in two tanks the vessel’s hull has a four-meter molded depth and a 2.6-meter draft. Designed by a related company to Saigon Shipmarin, the vessel, to be named FACO, is owned by the F.A. Joint Stock Company. Being built to the Vietnam Register Rules and National Inland Regulations, the vessel will be classed for near shore and river operations.
Vietnam Lumbered with Old Ships
Vietnam's Ministry of Transport (MOT) propose law be amended to enable scrapping of some 22 Vietnam owned ships flying flags of convenience. According to VietnamNet Bridge a recently released MOT report showed that there are many state-owned and private ships berthed in Vietnam, which cannot be made commercial use of any longer because they do meet maritime safety requirements. The ministry believes that it would be better to demolish the ships and sell them, however, the country's current valid Environment Protection Law prohibits legal entities to import into Vietnam used transport vehicles for demolishment. Some years ago, when the sea shipping industry was in its golden age…
