Vinashin Signs US$4.5-billion Shipbuilding Contracts
The state-owned Vietnam Shipbuilding Industry Corp. (Vinashin) has to date signed shipbuilding contracts worth nearly US$4.5 billion with foreign partners, state media reported.
Contracted ships are mainly cargo vessels with loads from 5,300 tons to 56,200 tons, automobile carriers, container carriers and oil tankers.
Vinashin’s customers include shipping firms from the United Kingdom, Japan, Germany and Israel.
Vinashin is working with Japanese and German firms to build cargo ships of 8,700 to 56,300 tons and container ships of 900 to 1,100 TEU and with PetroVietnam to build oil tankers.
Vietnam’s largest shipbuilder is focusing on upgrading its 10 largest shipbuilding subsidiaries in order to make Vietnam become one of the world's 4th largest shipbuilding countries by 2015 from the current 11th rank.
Between January and June of this year, Vinashin reported building 29 new ships.
Vinashin aims for US$1 billion revenues this year from last year’s roughly US$500 million.
VNA
Vietnamese
