Deputy PM praises committee

Workers at a factory manufacturing motorcycle tyres for the Southern Rubber Industry Joint Stock Company (CASUMINA). Last year the Steering Committee for Enterprise Renovation and Development advised the Prime Minister on carrying out reforms of State-owned enterprises (SOEs) in order to improve their efficiency. — VNA/VNS Photo Danh Lam

HA NOI (VNS)— Deputy Prime Minister Vu Van Ninh yesterday applauded the effort of the Steering Committee for Enterprise Renovation and Development at a meeting in Ha Noi, saying that the committee had fulfilled its assigned tasks for 2013 and early 2014.

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Norwegian firms want to invest in Viet Nam

 

Norway's Minister of Trade and Industry Monica Miland (third right) talks about potential cooperation between the two countries in a meeting with representatives from the Vietnamese Ministry of Industry and Trade in Ha Noi. — Photo baocongthuong

Norway’s Minister of Trade and Industry Monica Miland and about 100 representatives of Norwegian companies are seeking cooperation with Vietnamese firms during a visit to Viet Nam between March 18 and 21. The visit comes even as negotiations are underway between Viet Nam and the European Union on a free trade agreement.

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Shipbuiding industry in new development stage

Viet Nam’s shipbuilding industry has grown 25-30% annually for the past decade in all areas.

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Do Duc Tien, deputy director of the Viet Nam Maritime Administration, made the statement at the seminar ‘Viet Nam Shipbuilding Industry – New Stage of Development’ held in Ha Noi.

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Damen-Song Cam shipyard partly put into use

On March 20, Vietnamese Minister of Transport Mr Nguyen Hong Truong, carried out the official Vietnamese ribbon-cutting ceremony for the latest addition to Damen Shipyard Group’s portfolio. Damen Song Cam, a brand new yard, is one of the largest in the Group and represents Damen’s first formal Joint Venture yard in Vietnam.
Damen Song Cam is considered state-of-the-art, bringing a western shipyard designed to meet European health, safety and environmental standards into a Vietnamese environment. The yard will produce around 40 ships annually in the first phase.
The auspicious occasion was held on a suitable day in the Lunar Calendar in honour of Damen’s Vietnamese team. The many guests were treated to a special tour of the yard, which included many surprises, such as spectacular acrobatics, music and local dance troops.
Damen has a well-established history in Vietnam and has been working with five shipyards for more than 12 years. Pim Schuurman, Managing Director of Damen Holding Vietnam, is delighted to see Damen Song Cam officially open its production hall. “We have successfully built 226 vessels in Vietnam with our partner yards. Vietnam has a lot of shipbuilding knowledge, the people are very hard working and in the next stage of Damen’s Vietnam journey we are looking forward to having our own Joint Venture shipyard, which has been designed to maximise efficiency.”
Chris Groninger, Managing Director of Damen Song Cam comments: “Damen started building in Vietnam for the first time at Song Cam yard and this venture was such a successful cooperation for both Damen and Song Cam that we decided to bring this to the next level and that led to Damen Song Cam.”
Mr Schuurman adds: “Damen built up its presence in Vietnam by subcontracting to yards in Hai Phong initially and the number-one yard was Song Cam and now it is great to see it become our partner in Damen Song Cam.”
With direct access to open sea, the new yard is based on a 43-hectare site, of which 500 m is directly alongside the River Cam. The yard has a 120 m long x 85 m wide outfitting hall, plus extensive paint and carpentry workshops.
Damen Song Cam to set to become the largest series producer in the Group therefore everything revolves around efficiency. The shipbuilding hall is in fact a dedicated outfitting hall, with three overhead cranes of 25- tonnes each over every bay.
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Additionally, Mr Schuurman explains special work platforms are fitted at 5 m and 8 m, so employees are able to work very close to the main deck of the vessels, making the logistics very efficient and the walking distances very short. “Components can be stored on the platforms so outfitters don’t need to climb up and down; it is as if you are building the vessel on the ground floor. Everything is to hand so it is less tiring for people.”
Swing arms on the top of the vessels give access to power, oxygen and compressed air. A Rolls-Royce Syncrolift® shiplift, with a platform of 60 m long x 24 m wide, is also on site. And directly next to the site of Damen Song Cam there is a further 43 hectares, which will be developed as a maritime industrial zone.
The paint shop is an air-conditioned, controlled environment. “This is very important given the humidity here. A controlled environment is very important for us to be able to guarantee Damen quality,” adds Mr Groninger.
In the short term, Damen Song Cam will also be carrying out all of the detailed engineering in Vietnam and they will be directly ordering parts and components within Damen’s framework agreements.
Around 300 people currently work at Damen Song Cam but when phase 2 is realised whereby up to 80 vessels can be built annually - this could rise to 800. Damen indirectly employs around 5,000 people in Vietnam and most people have worked for the Dutch shipyard group for many years.
Damen has invested a great deal in training and the transfer of knowledge to Vietnam. More than 50 engineers have been trained in the Netherlands and many more will attend courses in the Netherlands and Vietnam. Additionally, an office has been established in Hai Phong and in the next six months Damen is looking to open a base in Hanoi.
Mr Schuurman, who has been visiting Vietnam for decades working on building long-lasting relationships with the yards there, is very proud to see a brand new shipyard come into being.
And Damen’s bond with the country is becoming even stronger as the Group’s relationship with its other partner yards is formalised into joint ventures, he adds.
Damen works with Song Thu (Da Nang), Song Cam/Ben Kien (Hai Phong), 189 (Hai Phong) and Ha Long Shipyard (Ha Long). Recently, the original Song Cam Shipyard merged with Ben Kien and this organisation is owned by Shipbuilding Industry Corporation (SBIC), formerly known as Vinashin. By the end of 2014, Damen will have formed a joint venture with the newly merged company Song Cam/Ben Kien, as well as with Ha Long.
Mr Schuurman: “In Vietnam we have built up long term partnerships and friendships based on trust and respect and may this continue in the future!”

 

 

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DNV GL opens new Vietnam office

MARCH 21, 2014 — Classification society DNV GL has moved into a new office in Ho Chi Minh City, Vietnam following an opening ceremony by His Royal Highness Crown Prince Haakon of Norway and Henrik O. Madsen, Group President & CEO, DNV GL. The official ceremony was part of the program of the Norwegian trade delegation visiting Vietnam this week. Besides the Crown Prince, the Norwegian Minister of Trade and Fisheries, Ms. Monica Mæland also attended the inauguration ceremony.

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How much is Vinalines worth?

The investors’ thoughts now concentrate on the IPO of the Vietnam National Shipping Lines (Vinalines) which would go equitized in the first quarter of 2015.

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Vinalines has been found in the list of the state owned economic groups and general corporations which must go equitized in 2014-2015. The Minister of Transport Dinh La Thang has also shown the ministry’s determination to fulfill the equitization soon, which “not only aims to collect money from the stake sale, but also to change the management platform.”

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Vinalines gets new CEO

Minister of Transport Dinh La Thang has appointed Le Anh Son as the CEO of the Viet Nam National Shipping Lines (Vinalines).

In 2003, Prime Minister Nguyen Tan Dung approved the restructuring of four state-owned corporations under the Ministry of Transport for the 2012-15 period. These were the Vietnam Airlines, Viet Nam Shipbuilding Industry Group (Vinashin), Viet Nam Railways and Viet Nam National Shipping Lines (Vinalines).

The ministry, however, explained that the restructuring of some corporations was falling behind schedule as they were encountering a lot of difficulties during the implementation. At the beginning of 2013, though the relevant authorities strove to complete the tasks, the process missed the deadline. Recently, Transport Minister Dinh La Thang told local newspapers that the restructuring of the State-owned corporations under the ministry would be completed in 2014.—VNS

Son, 43, will officially take over on March 20 from Nguyen Canh Viet who has been appointed as the deputy head of the ministry’s flood and storm control department.

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Vietnam – a target market of Israeli businesses

The Ha Long Shipbuilding Company hands over the 53,000 tonne cargo ship Red Diamond to its Israeli partner. Photo: VNA

The Ha Long Shipbuilding Company hands over the 53,000 tonne cargo ship Red Diamond to its Israeli partner. Photo: VNA

(VOVworld) – Vietnam is regarded as a target market for Israeli businesses, said Arie Zief, Vice President of the Federation of Israeli Chamber of Commerce at a recent conference, themed “Business and Success in Vietnam”, in Tel Aviv.

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Vietnam delivers tanker to Australia

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On March 17, the Vietnamese Song Thu Company, under the Ministry of Defence and in co-ordination with the Damen Shipyards Group from the Netherlands, handed over a patrol vessel to an Australian partner in Danang city.

The tanker named Mowamba measures 54 metres in length and 12 metres in width.. Its transport capacity is 800 m3 and it is capable of travelling up to 10 nautical miles per hour, with horsepower of up to 3,500.

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Vietnam, Japan bolster trade links

President Truong Tan Sang delivers a speech at the forum

Vietnamese head of state President Truong Tan Sang suggested Japanese enterprises intensify long-term business and investment in Vietnam to help the country join the global value chain at a higher level.

(VOV) – Leading business representatives from both chambers of commerce and industry attended the Vietnam-Japan business forum on March 17 with the hope of deepening future economic ties between the two countries.

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Norway interested in Vietnamese market

The Norway business community is keen on bolstering economic trade and cooperation with Vietnam, said Finn Kristian Aamodt, acting President and CEO of Innovation Norway.

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“Norwegian businesses are especially interested in cooperation in hydro-electricity, oil and gas, shipbuilding, maritime, and aquaculture”, he continued.

Aamodt made the comments on the eve of the departure of Norwegian Crown Prince Haakon Magnus on a working visit to Vietnam from March 18-21, for which leaders are expected to hold high-level discussions on boosting cooperation.

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Norway seeks links with Vietnam’s maritime firms

Norway wants to seek all-around cooperation with Vietnamese firms in sea transport as Vietnam is among the ASEAN countries that are strong in this realm.

It was voiced by Harald Neavdal, head of Innovation Norway’s maritime and oil and gas sector, at an international workshop in Ho Chi Minh City on March 18.

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Norwegian Crown Prince due to visit Vietnam

Norwegian Crown Prince Haakon Magnus and Crown Princess Mette-Marit are scheduled to visit Vietnam from March 18-21 at the invitation of Vice President Nguyen Thi Doan.

The Norwegian guests will be accompanied by the Norwegian Minster of Industry and Trade, other two ministers and a large business delegation.The visit aims to further boost Vietnam-Norway trade and industry cooperation in which shipbuilding, maritime transport, aquaculture, science and technology, consumer goods are considered key business areas of Norway in Vietnam.

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Vietnam purchases two more Russian frigates

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The Russian Gorky Shipyard will build and hand over two additional Gepard-class frigates to the Vietnam People’s Navy by 2017, the Itar-Tass news agency reported on February 26.This brings the cumulative number of frigates that Vietnam has contracted for with the shipyard as part of a restocking Gepard-3.9 project to six.

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VN firm builds floating unit to serve oil field

The PetroVietnam Technical Services Corporation (PTSC) has successfully built a floating production, storage and offloading (FPSO) unit to serve the Thang Long-Dong Do field off the coast of Viet Nam.

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Shipbuilding industry sees 25-30 pct growth annually

Vietnam’s shipbuilding industry has grown 25-30 percent annually for the past decade in all areas, according to a report by the Government Portal.

Illustrative photo (Sources: VNA)

Illustrative photo (Sources: VNA)

Deputy Director of the Vietnam Maritime Administration Do Duc Tien made the statement at the seminar ‘Vietnam Shipbuilding Industry – New Stage of Development’ held in Hanoi on February 27.

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Samsung join restructuring in Vietnam?

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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.
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Swiber win New Year’s 1st order

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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

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Triyards appoints new chief executive

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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.
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Strategic Marine on Track with PTAS Marine Project

Incat Crowther today announced the first deliveries of a 10-boat order for 42m Infield Utility Vessels to Brunei’s PTAS Marine.

Strategic Marine on Track with PTAS Marine Project

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.

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Samsung may help revive ship industry

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.

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Vietship 2014 begins in Hanoi

The seventh International Exhibition of Shipbuilding, Maritime Technology and Transportation 2014 (Vietship 2014) kicked off on February 26 in Hanoi.

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.

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SOEs rush to find strategic shareholders to carry out equitization

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.

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.

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Neopolia Clinches River Cruise Ships

The Strasbourg cruise operator, CroisiEurope has ordered three river cruise ships via the marine industrial network, Neopolia of Saint -Nazaire.

Neopolia Clinches River Cruise Ships

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.

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MPI Workboats’ Fleet Grows in Numbers

The MPI Workboats fleet continues to expand, with the arrival of MPI Lucinda, MPI Sampson, MPI Napoleon and MPI Snowball.

MPI Workboats Fleet Grows in Numbers

All four windfarm-support vessels will service the windfarm industry in the North Sea and Baltic Sea.

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Swiber win New Year’s 1st order

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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.
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VARD Bags PSV Order

Vard Holdings Limited (VARD) has won a new contract for the design and construction of one platform supply vessel (PSV) for Carlotta Offshore Ltd.

VARD Bags PSV Order

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.

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President Sang attempts to entice increased Japanese investment

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.

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SBIC yet to make gains

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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.

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International shipbuilding exhibition opens late February

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.

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SBIC signs MoU with Damen Group

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.

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6th Vietnam-Norway political consultation opens

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.

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Quang Ninh province puts operational firefighting ship to sea

Ship FB175 in a trial operation. (Photo: QTV)

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.

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PM greenlights master plan on northern economic area development

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.

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Vuot Song Shipyard Completes Tugboat for New Caledonia

Vuot Song Shipyard, a subsidiary of Roy’s Maritime in Vietnam, has just finished the construction of a 16m tugboat for New Caledonia.

Vuot Song Shipyard Completes 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.

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A lot of big guys met crushing misfortune in 2013

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

Big bosses met big disasters

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Strategic Marine building series of 10 crewboats

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.

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Saigon Shipmarin completes new LPGC

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.

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BUILDING LUXURY INLAND PASSENGER VESSEL “RV MEKONG NAVIGATOR”

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.

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Northern ports handle first tonnes of cargo in 2014

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.

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PM urges Tra Vinh to prioritise weak transportation infrastructure

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.

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New shipbuilding corporation debuts, replaces Vinashin model

SBIC's debut terminates Vinashin's operations beginning January 1, 2014.

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).
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Steel consumption seen growing 3-5% in 2014

Employees at work at a steel factory in the southern province of Dong Nai - Photo: Van Nam

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.

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Quang Ninh Offering Open and Friendly Investment Environment

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.

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Lo River shipwreck to be raised this month

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.

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The outlook of Vietnam shipbuilding ( SBIC ) in year 2014

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:

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Natural forests to close next year on conservation fears

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.

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FDI inflows set to increase next year

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

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.

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Navis builds on Singapore success

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.
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The huge ship refuse tip in East Sea

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

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.

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