Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Vinashin forges ahead

Vinashin forges ahead

Hanoi: Vietnam state shipbuilding group, Vinashin, expects to earn $500m from shipbuilding contracts next year according to the country's Ministry of Trade reported by Vietnamese news agencies. Vinashin has tied up deals with foreign owners that would generate $1.5bn in revenues through 2009. The group expects with an investment of $3bn over the next 10 years it can generate a turnover of $3bn a year according to the Vietnam News Agency. The fast-growing enterprise earned $481m last year building for domestic and foreign owners - 40% up on the previous year. Vinashin has started work on the biggest ship it has ever built - a 100,000 dwt aframax for PetroVietnam, but expects to have VLCC-capable facilities by 2010. (23/08/06)

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.