Vinashin Signs $2b in Contracts

The Viet Nam Shipbuilding Industry Group (Vinashin) signed 22 contracts worth $2b at Vietship, the country’s largest shipping exhibition being held in Ha Noi,  VNS said.
The contracts, signed with both domestic and foreign partners, covered shipbuilding, maritime transportation, developing ancillary industries for ’s shipping fleet and financing and insurance, Vinashin said in its written statement.
Noteworthy deals included a contract to build a 16,800 DWT cement carrying vessel for KGJS of Norway, a contract to build 16 cargo vessels for Jebsens of Norway and a contract to build a 11,000 DWT cargo ship for Kanematsu of Japan.
Most of the nine shipbuilding contracts will not be delivered until after 2010.

Source: VNS