BIDV Signs Credit for Oil, Chemical Tankers
April 7, 2006
The Bank for Investment and Development of Viet Nam’s Hai Phong branch has signed a credit guarantee with Pha Rung Shipbuilding Co for the construction of four oil and chemical tankers on behalf of South Korea’s Fortune Marine Co. The bank will guarantee repayment of loans to build four tankers, worth $42.3m. The bank last year also signed a credit guarantee with Pha Rung for the building of an oil and chemical tanker for South Korea’s YN Shipping. Pha Rung said it would deliver a number of new vessels this year and has competed repairs and maintenance on a number of vessels. (Source: Viet Nam News)
Related News
Houthis Claim More Ship Attacks, Targetting US Warship and Merchant Vessel
Van Oord Launches Giant Offshore Wind Installation Vessel
Containership Lost Power Several Times Before Striking Bridge in Baltimore
Silversea Takes Delivery of New Cruise Ship Silver Ray
UK Confirms It Will Build Six New Warships