Construction of Car Carrier Begins in Hai Phong
Construction of a vessel capable to carry 6,900 cars began in the northern port city of Hai Phong on February 26 by the Nam Trieu Shipbuilding Company under the Viet Nam Industrial Shipbuilding Corporation (Vinashin). The ship, which is 199.90m long, 32m wide, was designed by Finland ’s Delta Marine and built under the supervision of Norway ’s DNV Registry Agency. The ship is being built under a contract with the Norway ’s Hoegh Autolines. Earlier, the Vinashin has built a 700 TEU container ship for Germany, a series of 56,000 ton ships for Japan, and a 10,900 ton Lash ship and a 150,000 oil tanker for the National Oil and Gas Group (PetroVietnam). Source: Vietnam Economic Times
Vinashin on Brisk Demand
Reports said that Viet Nam Industrial Shipbuilding Corporation (Vinashin) Expects to earn $500m from shipbuilding contracts through next year, the Ministry of Trade reported. Export turnover from the shipbuilding industry stood at $200 million last year. Vinashin has finished negotiating shipbuilding contracts with foreign buyers that would generate an estimated $1.5b in revenue through 2009. Vinashin estimates that with an investment of $3b over the next 10 years, it would reach a productivity of $3b per year. The corporation was currently implementing large shipyard projects approved by the Government. The Ministry of Trade concurred that, by 2010, the domestic shipbuilding industry could earn $1.7 billion from building and exporting ships.
