Danish, Japanese Firms Buy Vietnamese Ships

11:05:58 AM | 2/6/2006

Rederiet M.H Simonsen of Denmark has placed orders to buy ships capable of carrying 3,500 DWT built by Vietnam Shipbuilding Industry Corp. (Vinashin) after surveying the shipbuilding capacity of the latter, a Vinashin official said.
 
Rederiet M.H Simonsen-ordered ships will be used to carry oil and chemicals, he said, but giving no clues as to the contract value for these ships between the two sides as well as the ship delivery schedule.
 
Previously, Japan’s Mitsubishi also ordered Vinashin-built cargo ships of 56,300-DWT with design and sizes similar to the seventeen 53,000-DWT ships Vinashin is building for UK’s Graig Investments.
 
Mitsubishi expects the ship delivery by 2008 or 2009.
 
Vinashin, the largest shipbuilder in Vietnam, has won many contracts to build ships for foreign shipping firms, including seventeen 53,000-DWT ships and eight 34,000-DWT cargo ships for Graig Investments and 10 container vessels for Canada’s Midland Shipping Co.
 
In related news, Vinashin has introduced plans to boost its marketing campaigns for its ships to shipping firms in Japan and European countries such as Greece and Germany.
 
Vinashin expects to invest $3 billion to build new shipyards and upgrade its existing ones from now to 2015 to make it capable of building 80,000 DWT, container vessels of 3,000-TEUs and oil tankers of over 100,000 tons by 2010.
 
Vinashin attained a total production value of VND11,024 billion ($697.7 million) in 2005, up 46.5 per cent against 2004. It expects a $1-billion production value this year.
Laborer