Vinashin Offshore Industries News

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 Shipbuilding Industry Group (Vinashin) officially opened its new subsidiary Vinashin Offshore Industries (Vinaoffshore) in Ha Noi. Vinaoffshore will focus on manufacturing floating storage and off-loading (FSO) units, single print moorings, oil drilling vessels and other heavy equipment, said Tran Thanh Nam, Vinaoffshore director. The new entity will also use resources from Vinashin and other affiliates to sign manufacturing contracts and upgraded equipment used for marine exploitation. Vinashin CEO Pham Thanh Binh said Vinaoffshore was assigned to manufacture FSOs for an affiliate of State-owned PetroVietnam. The FSOs are designed to have a load capacity of 150,000 tonnes and handle 15,000 tonnes of oil a day.