Vinashin Ocean Shipping Company News

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