Military-Run Company Starts EUR15 Mln Shipbuilding Contract
The Song Thu Company under the Ministry of Defense July 7 began building the first vessel under a EUR15 million contract signed with the Netherlands&rsquos Damen Shipyard Group, Vietnam News Agency reported.
The first fast crew supplier 5009 (FCS2009), designed by Damen, will be is 50.3 meters in length, 9.2 meters in width and 4.2 meter in height.
The ship will have a steel hull and large deck and is capable of accommodating 80 people.
Over the past five years, Song Thu and Damen have joined hands to build ships used for cleaning up oil spills and for Vietnam&rsquos maritime police and navy to conduct rescue work.
The Vietnamese shipbuilder June 10 launched a 5,600 HP tug boat central Danang city, the first of four boats being built under a VND300-billion contract signed with the United Arab Emirates, the news source said.
State media said the firm has seen a sharp increase in revenues with around VND400 billion (US$25 million) last year, up from up from VND160 billion in 2006, VND102 billion in 2002 and VND60 billion in 2001. (VNA)
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