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ABS Ventures to VietNam

Maritime Activity Reports, Inc.

October 4, 2006

The Dung Quat Shipbuilding Industry Company has signed with American Bureau of Shipping (ABS) a contract under which the US firm will supervise the shipyard's building process of three oil tankers.

Under the $400,000 contract, ABS, one of the world's leading ship classification societies, in collaboration with the Vietnam Register Agency will send its supervisors to the shipyard to supervise the quality of all stages to build the oil tankers, which will begin at the end of this month, said Dinh Tien Dung, Deputy Director of the Dung Quat shipyard.

The first oil tanker with capacity of 104,000 DWT is expected to be handed over to the Vietnam Oil and Gas Corporation by mid 2008, helping meet the demand for the transport of materials and products for the Dung Quat Oil Refinery, the first of its kind in the country which is now under construction in central Quang Ngai province.

(Source: http://english.vietnamnet.vn

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