Hanoi: The Vietnam Shipbuilding Industry Group (Vinashin) launched this week the FSO-05, an offshore floating storage unit with a 150,000 dwt loading capacity. The US$190 million FSO, built for PetroVietnam Technical Services Joint Stock Company (PTSC), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), is the first floating storage unit ever built in Vietnam and the biggest ever shipbuilding deal between the two domestic firms. "It is also the biggest product built by Vinashin so far, which once again strengthened our foothold in the world shipbuilding market" said Vinashin's CEO Pham Thanh Binh at the launching ceremony in Nam Trieu Shipyard in Hai Phong. Construction began in June 2007 by Vinashin's subsidiary of Nam Trieu Shipbuilding Corporation (Nasico). The FSO-05 will be able to receive 15,000 tonnes of oil a day and has an off load capacity of 3,500-5,000 tonnes of oil per hour. The FSO-05, which is 258 by 47 meters and is 24 meter high, will also preliminarily treat the crude oil to meet international standards during storage. According to Nasico, the FSO-O5 will be in operation at the Rong (Dragon) oil field 200 miles offshore; it might replace the position of the FSO-04, which is at the Bach Ho (White Tiger) oil field off the southern coastal province of Ba Ria-Vung Tau. Vinashin also this week held the keel - laying ceremony at the Nam Trieu shipyard to start building a car carrier for Hoegh Autoliners company of Norway. The vessel will have a carrying capacity of 6,900 cars in 16 floors. [16/01/08]
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