Vietnam to Launch Cargo Vessel
According to reports, Vietnam Shipbuilding Industry Corporation (Vinashin) will launch a 53,000 ton-capacity vessel, in northern coastal Quang Ninh province on April 6. The ship, named Florence, is the first of the 21 cargo vessels that the Vinashin's Ha Long Shipyard contracted with a British partner at a total cost of over $400m. Florence is 623 ft., 106 ft. wide and has a 64,000cu.m hold, as designed by Denmark-based Carl Bro Marine company. The Ha Long Shipyard had invested thousands of billions of Vietnamese dongs to improve its capacity, including $14.5m in facilities for the contract. Source: VNEconomy
Ha Long Shipyard Begins Construction on 54,000-ton Freighter
Construction of a 54,000-toncargo ship worth $30m started on Feb. 27 by the Ha Long Shipyard in northeastern Quang Ninh province. The H172 freighter, to be built at an estimated cost of around $30m, will be 623 ft. long.It is designed by the Science and Technology Institute of Viet Nam Shipbuilding Industry. It will be built under the supervision of DNV, a registration agency of Norway, and installed with state-of-the-art equipment to be able to go to all seaports all over the world. The ship is scheduled to be delivered by the Ha Long shipyard company, an affiliate of the Viet Nam Shipbuilding Industry Corporation (Vinashin), to the Vinashin Ocean Shipping Company, in March, 2008. Source: VNA
Vietnam Shipyard Delivers Bulk Carrier to Thai Owners
The 53,000 dwt bulk carrier, 'Thor Breeze' has been delivered by Ha Long shipyard, Quang Ninh Province to Thailand ship-owners Thoresen Co. Mr. Do Van Thau – the Vice General Director of Vinashin and representatives of the ship-owner were present at the ceremony. The double-hulled bulk carrier is 190 m in length, 32.26 m in breadth, 17.50 m in depth and with a 12.60 m draught. The main engine is a MAN B&W 6S50 MC-C 9.480 kW rated at 118 rpm to give a speed of 14 knots. The design was by Denmark’s CarlBro’s and construction was under the supervision of DNV Classification.
Foreign Consortium to Build Vietnamese Port
Vietnam has approved a foreign consortium's plan to invest around $315 million in a seaport and industrial zone complex in northern Quang Ninh province, the government said on Saturday. The licence was handed on Friday to the consortium including CDC International Corp from Cayman Island, Asia Infrastructure Development Co from Hong Kong and Singapore's Tien Ich Trung Dong Co, said in a report on the government's website. Construction is slated to start next year with full completion in 2036, it said. While the Trans-Pacific Partnership pact, with Vietnam one of the 12 signatory nations, looks uncertain after the U.S. presidential election, the Southeast Asian nation is still receiving record foreign investment due to its numerous trade accords, cheap labour and relative stability.
Vinalines Plans to Expand Fleet
A company official said Vinalines would continue to invest in building new seaports in Dinh Vu, off the northern port city of Hai Phong, in Quang Ninh Province; Hiep Phuoc in HCM City; Cai Mep-Thi Vai in Ba Ria-Vung Tau Province, in addition to Vung Tau container port. The company is aiming for an average cargo capacity of between 50-55 million tonnes at each of its ports by 2010. Vinalines is also looking to turn Van Phong port in the central province of Khanh Hoa into a modern international entrepot. Vinalines expects to complete the first phase of its building plans for logistical and maritime services nationwide by 2010. Vinalines said it is also planning to move into banking and finance, as well as shipbuilding and transport-infrastructure development.
Vietnam Shipbuilding Executives Appeal Against Jail Sentences
Vinashin Shipbuilding Industry Corp. ex-officials in appeal against sentences for losses to the state budget of VND910 billion (US$43.5-million). Shipbuilding giant Vinashin, a state-owned company founded in 1996, came to the verge of bankruptcy in 2009 after accumulating an enormous debt of over $4.11 billion. The government later introduced reforms to get the embattled shipbuilder back on track. The Supreme People’s Court opened the hearing to consider the appeals of eight out of the nine defendants who had been sentenced by the Hai Phong city people’s Court in March for “intentionally violating the State’s economic management regulations, which causes serious consequences”. Among the eight is Pham Thanh Binh, former Vinashin chairman, 59, who has been sentenced to 20 years in prison.
Vinashin to Expand Song Chanh Shipyard
Vinashin has invested 93.7m in expanding Song Chanh shipyard in the northern coastal province of Quang Ninh. The shipyard will be upgraded to be capable of building ships up to 20,000 tons by 2010 and generate jobs for 2,000 people. Source: Vietnam Agency
Questions Loom Over Leaks in HL01-Florence
According to reports, initial inspections have been made without results after HL01-Florence, reported ly the largest vessel ever built in Vietnam, took on water only hours after its launch April 6. Divers of Ha Long Shipbuilding Co. in northern Quang Ninh province on Monday checked the bottom of the 53,000-ton vessel, whose stern sunk slightly after water leaked through its outer hull and flooded half of the fourth among five compartments. A company official predicted that some of the ship’s valves had been negligently left unlocked, causing the leak. But another official said the reason might originate from the rails under the bottom of the vessel, which were used to create momentum for the ship launch.
Ha Long Shipyard Launches Biggest Container Ship in Vietnam
Ha Long Shipyard successfully launched a container ship in northern Quang Ninh Province with its capacity of 1,750 twenty-foot-equivalent units (TEU), which is the biggest container ship ever built in Vietnam. Shipyard director Nguyen Duc Than reportedly said the container ship, named Vinashin Dragon, would be delivered to a local client by the end of the first quarter next year. It is the first ship of a contract for five container ships ordered by Vinashin Lines, and both the shipbuilder and the client are members of the giant Vietnam Shipbuilding Industry Group (Vinashin). The 184-meter-long and 25-meter-wide ship, with a tonnage equivalent to 23,000DWT, is worth $36m. Construction of the ship was supervised by Germany's register company GL, and it is equipped with European machines.
$630M Investment to Boost Vietnam Shipbuilding Industry
Vietnam National Shipbuilding Industry Corporation (Vinashin) plans to invest $630 million in a variety of projects to produce components and materials for the industry, in an attempt to improve the local content ratio from 25 percent to 65 percent of components used in the country’s shipbuilding industry, according to a Vietnam Shipping Times report. Under the plan Vinashin will produce rolled steel to build the hulls of ships, manufacture 300-30,000 horsepower diesel engines, steering systems and ship cranes. Locally-made steel will account for 25.6 percent of total steel in ships constructed in Vietnam, while the local content ratio of engines will amount to 23.2 percent, and that of steering systems, 6.3 percent, according to the report.
Construction Begins on Shipbuilding and Repair Factories
The Pha Rung Shipbuilding Industrial Company, a member of the Vietnam Shipbuilding Industrial Economic Group (VINASHIN), on January 27 launched the construction of three shipbuilding and repair factories which are considered to be the biggest in Vietnam so far. These include the Yen Hung Shipbuilding Factory, the Sea Ship Repairing Factory in Yen Hung Supporting Industry Complex and the Pha Rung VINASHIN-MAN Engine Manufacturing Factory. Total cost for construction of the three factories is put at VND 4.5 trillion. According to Mr Nguyen Van Hoc, General Director of the Pha Rung Shipbuilding Industrial Company, with the construction of the Pha Rung VINASHIN-MAN Engine Manufacturing Factory, Vietnam will become the fourth country in the world to manufacture sea ship engines.
Graig builds Diamond alliance in Vietnam
state shipbuilder Vietnam Ship Industry Corporation (Vinashin). Graig's long standing experience with building high quality ships in China. Graig. with procurement, with finance and with all important quality control. Vietnam can provide them with high quality tonnage. significantly enhancing safety and environmental protection. Delivery date for the first Vinashin vessels is January 2006. Namtrieu Shipbuilding Industry Company in Haiphong. largest and most sophisticated vessels yet built in Vietnam. another substantial shipbuilding centre," says Williams. with the full support of the Vietnamese government. discussion. discussions with charterers. company based in Shanghai. Bulk Carrier with full Nauticus package including a full 3-D model. is scheduled for delivery this year.
Vinashin Plans Investment
According to reports, Vinashin has obtained the go-ahead from central Vietnam’s Khanh Hoa province to invest in series of industrial parks and urban projects in Cam Ranh Bay. The company will invest in three industrial parks (IPs), including a Cam Ranh IP-township, the South Cam Ranh IP, and a site in northern Hon Qui. The shipbuilding group will also build a 200ha Cam Phu – Cam Linh Urban Area and an ecotourism site in Hon Qui. Vinashin will work out detailed investment plans for each project to submit to the local government. Between now and 2010, the unlisted-shipbuilder plans to build seven shipyards, six shipbuilding industrial parks and seven shipbuilding industrial complexes throughout Vietnam.
Stranded Bulk Carrier Spilling Oil off Vietnam
The Panama-flagged ship 'Bright Royal' has ran aground in waters about six nautical miles northwest of Quang Ngai Province's Ly Son Island in Vietnam leaking large amounts of oil, reports Xinhua. The ship ran on to reefs, causing oil spill from its two tanks of 387 tons of fuel oil, spanning an area of approximately 20,000 square meters, some 730 km south of Vietnamese capital Hanoi. The accident occurred when the cargo ship, owned by Vanguard Maritime Ltd with a crew of 24 on board, was on voyage from Ha Tinh Province's Vung Ang port in Vietnam to Bangladesh.
Vietnamese Fisherman Salvage 'Marie Celeste' Ship
Fishermen discover abandoned fully loaded cargo ship, and successfully tow it to their home base. The ship, Hai Dong 27, was discovered abandoned and adrift by fishermen from Hoang Hoa district of Thanh Hoa province, subsequently a dozen fishing boats towed it over 140 nm to the shore of Hoang Truong commune, Hoang Hoa district. Seven fishing boats were involved in the towage operation. Light was cast on the mystery by an earlier report by the Vietnam News Agency that on the night of January 20, the same ship owned by Hai Dong Co., Ltd.
Dung Quat Zone Attracts $5b
The Dung Quat Economic Zone in the central province of Quang Ngai has to date attracted 103 projects with a combined capital of over $5b, according to the Investment and Trade Promotion Centre of the zone’s management board. In 2006 alone, twenty projects were licensed in the zone, capitalized at over $1.1b, $832,of which came from foreign-invested projects. Among major new projects were a $1b steel mill by Taiwan’s Tycoons Group, a $260m heavy industrial complex by the Doosan Group of South Korea, and PetroVietnam’s $2.5b Dung Quat oil refinery. The zone, however, is still facing several challenges, said the centre. Technip, lead contractor of the refinery project…
Vinashin to Build Shipyard
Vietnam’s largest shipbuilder, Vinashin, has been greenlighted to build a $81m shipyard in the northern port city of Hai Phong, according to Vietnam News Agency. Work on the Vinashin An Duong in Thuy Nguyen district is due to begin late this year and slated for completion by 2009. Vinashin is also set to spend $94m on rebuilding the Cua Viet seaport in the central Quang Tri province. It will turn Cua Viet into a 300-400 ha port complex with a shipyard, ecotourism facilities, a golf course, and a wharf to accommodate 100,000-ton ships. Established in 1996, state-run Vinashin (Vietnam National Shipbuilding Corporation) and its 20 Source: VNA
ABS to Supervise Tanker Building Process at Yard
VNA reported that Dung Quat Shipbuilding Industry Company has signed with American Bureau of Shipping (ABS.) The contract means the classification society will supervise the shipyard's building process of three oil tankers. Under the $400,000 contract, ABS, 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, officials from 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…
ABS Ventures to VietNam
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…
Vietnam President Urges Vinashin to Increase Production
Vietnam President Nguyen Minh Triet said that he expected the Viet Nam Shipbuilding Industry Group (Vinashin) to increase its international profile by producing more ships for the world market. Triet made these comments at a meeting with company officials and the management board of the Dung Quat Shipbuilding Company in central Quang Ngai Province. Triet also visited the Dung Quat Oil Refinery Plant and held meetings with the management board. Deputy General Director of the Viet Nam Oil and Gas Corporation Truong Van Tien briefed the President on the progress of construction over the past year, and affirmed that the management board was working closely with the project contractor to resolve issues, particularly in speeding up construction. Source: VNS
Patrol Boats Delivered to the Vietnam Coast Guard
Six new military patrol boats built by Louisiana-based shipbuilder Metal Shark have been delivered to the Vietnam Coast Guard. The welded-aluminum Metal Shark 45-foot Defiant pilothouse patrol vessels were provided to Vietnam by the United States in a move that underscores the increased security cooperation between the two nations. The vessels were officially handed over by U.S. Ambassador Ted Osius to the Vietnam Coast Guard on Monday in the province of Quang Nam. The new patrol boats will be employed by the Vietnam Coast Guard on law enforcement missions focused on smuggling…
Bourbon Sells Sugar Assets in Vietnam
In accordance with the objectives of the 2003-2007 strategic plan, BOURBON is disposing of its nonmarine service operations and is selling its sugar assets in Vietnam. Bourbon is announcing the sale of 49% of its stake, with a commitment to retain the balance for a period of three years. investment funds for an exchange value of approximately 36 million euros. approximately 32 million euros. approximately 6.4 million euros. This operation marks the final steps in BOURBON’s focus on its marine services.
Shipbuilder to Invest $40m in Central Facilities
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.