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Hong Phuc News

22 May 2007

Norway Funds Shipbuilding Training Program

Norway has committed some $4m in grants to aid Vietnam’s shipbuilding industry in human resource development over the course of the next three years, VNA reported. A deal was signed in Hanoi, on May 21, to seal the decision during a visit by Norwegian State Secretary of the Ministry of Foreign Affairs Anne Stenhammer. An amount of $1.84m is to be funded by Norway's Government, while Det Norske Veritas, Hoegh Autoliners and Jotun Paint, three of Norway's leading shipbuilders, will finance the remainder. The project aims to equip the Vietnam Shipbuilding Industry Group (Vinashin) with new skills relating to shipbuilding management and quality control.

10 Oct 2006

Vinashin Awarded Contracts

The Viet Nam Shipbuilding Industry Group (Vinashin) has snatched up two large contracts with UK partners worth $800m. The contracts were executed during the Viet Nam Days in the UK business forum on trade, investment and tourism last Friday in London. Vinashin inked a $100m deal with Graig Investment Ltd to build 25 ships and another to build a floating oil tank for the Viet Nam Oil and Gas Corporation (PetroVietnam), worth $680 million. The latter deal was signed with Monobuyo Co, Petromaritime Consulting and London Maritime Consultants. In 2003, Vinashin signed contracts with the company worth $500 million to build 6,500- and 12,000-DWT freighters and 13,000 DWT container ships. It also won another $322.5 million contract to build 15 cargo ships of 53,000 DWT each in 2004.