Dung Quat Shipbuilding Wins $200m Contract

Dung Quat Shipbuilding Co. signed a US$200-million contract to build ten 54,000-ton cargo ships for Vinashin Oil and Gas Investment and Transport Joint-stock Co. The 190-m long and 32.26-m wide ships, estimated to cost some $20 million each, will be designed by the Vinashin Shipbuilding Scientific and Technological Institute and registered by DNV, a registering agency of Norway. According to the contract, the first cargo ship will be handed over in June 2008 while the remainders will be transferred with an interval of four months. Vinashin Oil and Gas Investment and Transport Co. signed a contract for ten 22,500-ton cargo ships with Bach Dang Shipbuilding Co. Source: VNA