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Samsung Group was reportedly called to join the restructuring of Vietnamese local shipbuilding from the Vietnamese government.
According to Vietnamese local press VNS, the Vietnamese government called on related departments to accelerate cooperation with Samsung Group for restructuring of domestic shipbuilding industry and etc.
Singapore – February 3, 2014 – Swiber Holdings Limited (“Swiber” or together with its subsidiaries, “the Group”), a world class integrated construction and support services provider to the offshore oil and gas industry, today announced its first series of contract wins just beginning of the new year. The Group has clinched five sizeable contracts totaling approximately US$235 million
Mr Wong Bheet Huan, 70, Chief Executive Officer (CEO) of TRIYARDS Holdings Limited (“TRIYARDS” or “the Group”), an offshore vessel fabrication and engineering solutions provider to the oil and gas (O&G) industry, will be stepping down after overseeing a decade of sustainable growth by the Group. He leaves TRIYARDS in a firm position, having achieved a net attributable profit of $31.4m for FY2013.
Incat Crowther today announced the first deliveries of a 10-boat order for 42m Infield Utility Vessels to Brunei’s PTAS Marine.
PTAS has been contracted by Brunei Shell Petroleum to build and operate nine vessels to support their offshore platforms for a period of ten years. Incat Crowther supported Strategic Marine in their technical proposal for the project, committing to a timeframe of just 15 months from contract signing to the delivery of the ninth vessel. The tenth boat will be retained by PTAS as a backup vessel throughout the contract period.
|The mobile-phone production line at Samsung. The South Korean company has been called to join efforts to restructure the local shipbuilding industry. — VNA/VNS Photo Duc Tam|
HA NOI (VNS) — The Government has called on relevant bodies to accelerate co-ordination efforts with the Samsung group to restructure domestic shipbuilding activities.
The opening ceremony of the biennial exhibition was attended by Deputy Prime Minister Hoang Trung Hai, who voiced his expectation for the event to expand communication channels between buyers and manufacturers, directly serving market development in the maritime and shipbuilding fields.
State owned enterprises (SOEs) decide that they need to find suitable strategic shareholders before going equitized.
President of Vietnam Airlines Corporation Pham Viet Thanh also said the national air flag carrier is looking for the strategic shareholders who can help it both open more international air routes and heighten its strength.
The Strasbourg cruise operator, CroisiEurope has ordered three river cruise ships via the marine industrial network, Neopolia of Saint -Nazaire.
The first of these vessels will be 88.80 meters long and will open up new cruising ground on the Loire River. Due to the river’s shallow sections, the vessel will be powered by paddle wheels.
The MPI Workboats fleet continues to expand, with the arrival of MPI Lucinda, MPI Sampson, MPI Napoleon and MPI Snowball.
All four windfarm-support vessels will service the windfarm industry in the North Sea and Baltic Sea.
Singapore – February 3, 2014 – Swiber Holdings Limited (“Swiber” or together with its subsidiaries, “the Group”), a world class integrated construction and support services provider to the offshore oil and gas industry, today announced its first series of contract wins just beginning of the new year. The Group has clinched five sizeable contracts totaling approximately US$235 million.
Vard Holdings Limited (VARD) has won a new contract for the design and construction of one platform supply vessel (PSV) for Carlotta Offshore Ltd.
The vessel is a multifunctional PSV of VARD 1 08 design with a total length of 81 meters, beam of 18 meters and a cargo deck area of 830 m2. The vessel of approximately 4000 dwt will be prepared for standby, rescue, firefighting and oil recovery operations.
|President Truong Tan Sang (L) meets with Chairman of the Japanese Business Association in Viet Nam Motonobu Sato and representatives of several Japanese firms in the country. — VNA/VNS Photo Nguyen Khang|
HA NOI (VNS)— President Truong Tan Sang said he hoped Japan would increase investment in Viet Nam in the coming years, focusing on the six prioritised areas listed in the country’s industrialisation strategy.
Vinashin had incurred a loss of VND86 trillion as of November, 2010. Therefore, the news that SBIC obtained a profit of VND7.9 trillion as of the end of 2013 has raised questions.
SBIC general director Vu Anh Tuan on December 30, 2013 said that the company’s revenue was expected at VND5.7 trillion in 2013. So the VND7.9- trillion profit, which is higher than revenue, is an illogical figure.
Nhan Dan – Vietship 2014, the 7th international exhibition of the shipbuilding industry and marine transport, is to take place February 26-28 in Hanoi.
Participating this year are 115 organisations from countries including Vietnam, Japan, the Republic of Korea, Norway and Poland and the latest technology used in the shipbuilding industry and marine transport will be displayed at the event.
|SBIC, set up to replace Vinashin, will focus on building and repairing ships. — Photo cafef.vn|
HA NOI (Biz Hub) — The Shipbuilding Industry Corporation (SBIC) has signed a memorandum of understanding with Damen, one of the leading shipyard groups of the Netherlands, to develop business cooperation.
The sixth political consultation at a deputy ministerial level between Vietnam and Norway took place in Hanoi on Thursday, focusing on boosting bilateral ties.
Vietnamese Deputy Minister of Foreign Affairs Ha Kim Ngoc and Norwegian State Secretary Morten Høglund co-chaired the consultation meeting.
On January 22, the Hai Long shipbuilding and ship repair company handed over a ship and a speedboat for firefighting and rescue work to the Quang Ninh police, the first two pieces of equipment of their kind operating at sea in the province.
Prime Minister Nguyen Tan Dung has ratified a master plan on the socio-economic development of the northern key economic area by 2020, with a vision to 2030.
The area consists of two sub-regions, namely an urban zone including Hanoi and the provinces of Vinh Phuc, Bac Ninh, Hung Yen and Hai Duong, and a coastal zone encompassing Hai Phong city and Quang Ninh province.
Vuot Song Shipyard, a subsidiary of Roy’s Maritime in Vietnam, has just finished the construction of a 16m tugboat for New Caledonia.
The tugboat named ‘Taabya.on’ is 16 meters long, 6.20 wide, and will be used for the transportation of nickel in New Caledonia. The Taabya.on has a bollard pull of 16T and a maximun speed of 12 knots.
2013 was a horrible year for some state owned conglomerates which were considered the “iron fists,” or the “motive force” of the national economy.
Big bosses met big disasters
42m crewboat nearing completion at Strategic’s Vietnam shipyard
JANUARY 3, 2014—Australia’s Strategic Marine has a strong reputation for building high-performance crewboats. Currently, they are building a series of ten 42-meter boats with steel hulls and aluminum superstructures for Burnei’s PTAS Marine. The new boats are based on the 40-meter aluminum crewboat model designed by Australia’s Incat Crowther in conjunction with Strategic Marine. The first two hulls and superstructures were fabricated at Strategic’s Vietnam shipyard. They were barged to the Singapore yard for completion and fitting out prior to delivery. Those boats are named the PTAS M/V One and the PTAS M/V Eagle.
Vietnamese shipyard Saigon Shipbuilding & Marine Industries One Member Co, Ltd. (Saigon Shipmarin) recently completed the construction of a Liquefied Petroleum Gas (LPG) carrier for near shore and river operations.
The luxury inland passenger vessel “RV Mekong Navigator” has been building at Saigon Shipmarin since May 2013 for Hoa Sen Yacht Ltd. Designed and to be built according to Vietnam Register Rules and National Inland Regulations.
Cai Lan Port in the northern province of Quang Ninh received four vessels and handled nearly 145,000 tonnes of cargo on the first day of 2014.
The Cai Lan International Container Terminal Company (CICT) hosted the Honest Spring ship from Panama, which docked at the port to unload 20,074 tonnes of soybean.
Farmers in the southern province of Tra Vinh’s Tieu Can District harvest rice. Prime Minister Nguyen Tan Dung has asked the province to focus on multiplying large-scale rice fields to boost output. — VNA/VNS Photo Thanh Vu
TRA VINH (VNS) — Prime Minister Nguyen Tan Dung urged officials in the Mekong Delta province of Tra Vinh to pay more attention to building infrastructure, especially in the transport sector.
SBIC’s debut terminates Vinashin’s operations beginning January 1, 2014.
Nhan Dan – The Shipbuilding Industry Corporation (SBIC) officially made its debut on December 30 and is set to begin operations on January 1 to dismiss the economic model of the Vietnam Shipbuilding Industry Group (Vinashin).
Employees at work at a steel factory in the southern province of Dong Nai – Photo: Van Nam
In a report on the steel industry’s prospects in 2014 sent to the Daily on Thursday, Cuong, who is also former chairman of the Vietnam Steel Association, estimated the country’s economy to change for the better next year owing to State macroeconomic policies.
In the first eleven months of 2013, Quang Ninh attracted US$400 million from FDI projects, equalling the figure from a year earlier and up 15 times in 2011. Despite the economic downturn, the fall in the country’s investment attraction, Quang Ninh made good results. Between January and November, more than 40 investors eyed investment in the province with the projects worth of billions of dollars signed. There were above results because in the recent years, Quang Ninh had many efforts in building open and friendly investment environment in a move to help Quang Ninh become an industrial province in 2015 and an economic dynamics of the north.
A wrecked ship dating back to the end of the 19th century is being fished out of Lo River in the northern province of Tuyen Quang.
According to the provincial Salvage Project Management Board, the work will be fulfilled by the end of this month.
A. The restruction of VINASHIN – The establishment of the Shipbuilding Industry Corporation (SBIC)
- In year 2013, the restructuring process of Vinashin has been completing and it was reformed as the Shipbuilding Industry Corp (SBIC), a one member limited liability company owned 100 per cent by the state, set up using VND9.52 trillion ($452 million) of capital. It will be state-owned with eight subsidiaries, they include:
The Government next year will close all natural forests to prevent them from being over-exploited and exhausted, said Prime Minister Nguyen Tan Dung at a recent government online meeting.
The country currently has 10.5 million hectares of natural forests, of which 4.5 million hectares are allowed to be exploited, according to Dung.
The recovery of foreign direct investment will continue playing a critical role in bolstering Vietnam’s economic growth in 2014.
FDI inflows are likely to increase next yearPhoto: Le Toan
According to the Foreign Investment Agency (FIA), the total new foreign direct investment (FDI) commitment to Vietnam reached $21.6 billion in 2013, up 54.5 per cent year-on-year.
20th December 2013, Navis Engineering has completed work on its latest project involving fast-growing Singaporean offshore specialist Miclyn Express Offshore (MEO), following the commissioning of the DP2 system on board the 70m ROV and diving support vessel Resolution.
A lot of vessels worth trillions of dong have become scrap iron and left useless in the East Sea, turning the sea into the trillion-of-dong refuse tip.
The disappeared ships
According to Do Thai Binh, a member of the Vietnam Oceanographic Society, Vietnam once had very modern marine research vessels. These included Bien Dong vessel – the same age as Nansen and some others built by Norway for Vietnam.
Fishermen in central Quang Ngai Province are not switching to fishing vessels made from iron – even though metal ships would be safer and more efficient than traditional wooden ones – because they don’t have enough money to do so.
A corner of Dung Quat Shipyard
The master planning on development of Vietnam’s shipbuilding industry to 2020 and orientations to 2030 has been recently approved by Prime Minister Nguyen Tan Dung.
VietNamNet Bridge – Opinions from a well-informed circle say South Korean and Japanese “big guys” would jump into the Vietnamese shipbuilding industry. Does it mean the shipbuilding industry will be saved?
The news that Samsung Heavy Industries, belonging to Samsung Group and 16 other South Korean enterprises in supporting industries have had a meeting with Vietnamese partners appeared on all local newspapers in late October 2013.
Cheolhwa Jung, CEO of Samsung Heavy Industries, said the businessmen came to Vietnam to lay a foundation for a new strong investment wave in 2014. Meanwhile, a member of the group of businessmen said setting up a shipyard in Vietnam under the mode of joint venture or 100 percent foreign owned enterprise is a Samsung’s business plan for short term.
DA NANG (Biz Hub) —The Song Thu shipyard, in cooperation with the Damen Group from the Netherlands, has launched a patrol vessel following a contract with the Military Logistics Department.
The ship, which is 22.35 metres long and 4.96 metres wide, was built to transport goods and can travel at 20 nautical miles per hour.
Dutch expertise: The Maeslant Storm Surge Barrier is an impressive example of the country’s Deltaworks in the Nieuwe Waterweg waterway between the towns of Hoek van Holland and Maassluis. — Photo courtesy Kingdom of Netherlands’ Embassy
(VNS)To celebrate the National Day of the Netherlands on April 30, Dutch Ambassador to Viet Nam Joop Scheffers reflects on the long-running sustainable partnership between the two countries.
The Khanh Hoa Provincial People’s Committee will call on investors to develop a shipyard in Cam Ranh Bay as soon as the project’s current Japanese investor officially has their investment certificate withdrawn.
Opinions from a well-informed circle say South Korean and Japanese “big guys” would jump into the Vietnamese shipbuilding industry. Does it mean the shipbuilding industry will be saved?
The US ‘s fast-growing river cruise company Avalon Waterways plans to add the Mekong River to its list of destinations, a top executive has said.
Floating market in Mekong Delta region
At a May 16 press briefing, Avalon Waterways marketing chief Steve Born said that the company is building a 32-passenger vessel, called Avalon Angkor, that will sail the Mekong between Ho Chi Minh City of Vietnam and Siem Reap of Cambodia to serve tourists, starting in early 2012.
The Vietnam National Shipping Lines (Vinalines) has asked the Government to adopt preferential policies to help domestic shipping fleets overcome difficulties, according the online Vietstock newspaper. In a report sent to the Party Central Committee’s Economic Commission, Vinalines asked the Government to direct banks and credit institutions to extend its debt limit and reduce loan interest rates in an effort to help it successfully carry out the restructuring plan approved by the Prime Minister early this year.
Binh An shipping company, a leading marine service provider for the shipping and offshore Oil and Gas industries in Vietnam, is pleased to announce that it has placed orders for 1 more vessel worth for the anchor handling tug supply vessels ( AHTS vessel ) The AHTS with 55 tons bollard pull will be built at a Saigon shipmarin shipyard in Vietnam, their the 1st AHTS was also built at there.
The Ha Noi People’s Court yesterday sentenced to death two former executives of the Vietnam National Shipping Lines (Vinalines) for embezzlement as well as mismanagement that resulted in losses of millions of dollars. On the last day of the trial that began on Wednesday, former Vinalines Chairman Duong Chi Dung and former General Director Mai Van Phuc were both given the highest penalty for embezzlement.
Vinalines reported promising signs from maritime logistics services, as nearly 32 logistics businesses have become profitable. Viet Nam National Shipping Lines (Vinalines) has proposed that the Government adopt preferential polices to help domestic shipping fleets overcome difficulties, according the online Vietstock newspaper.
As a private news from the Vietnam Investment Newspaper, Oshima Shipbuilding Vietnam company stopped investment to build the shipyard at Cam Ranh city in Vietnam with the investment capital of USD 18omil. No reason was revealed for such a sudden project cancellation.
Viet Nam National Shipping Lines (Vinalines) has proposed that the Government adopt preferential policies to help domestic shipping fleets overcome difficulties, according the online Vietstock newspaper.
In a report sent to the Central Economic Committee, Vinalines asked the Government to direct banks and credit institutions to extend its debt limit and reduce loan interest rates in an effort to help it successfully carry out the restructuring plan approved by the Prime Minister early this year.
This morning, The Hanoi People’s Court opened the trial for Duong Chi Dung, the ex-chairman of Vinalines and former head of the Vietnam Maritime Administration, and his nine accomplices in a serious corruption case that occurred at the State-owned corporation five years ago.
On December 06th 2013, Dong Bac shipyard (DBS ) held the launching ceremony for the Bulk Carrier 12.500 DWT – No 01 – sign DB05. Attending the ceremony were representatives of the ship owner , Representatives of Rina class, Board of Directors, heads and deputy heads of the Departments, engineers and workers of DBS.