Experts pessimistic about Vietnam-Russia submarine production

The Vietnam News Agency on February 24 quoted Maxim Kochetkov, Director for the Shipbuilding Industry and Marine Department under the Russian Ministry of Industry and Trade, as saying that though Vietnam and Russia have been cooperating for a long time in shipbuilding, Vietnam rarely raises initiative on developing a bilateral relationship in the field.

Nguyen Khac Hien, former director of the Ship Consultation & Design Company, a subsidiary of Vinashin, the largest shipbuilding group in Vietnam, said the comment does not surprise him.

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Viet Nam, Russia eye shipbuilding ties

In an interview with Vietnam News Agency correspondents in Moscow, he said the two countries have co-ordinated in this field for years.

There were untapped potentials for Russia and Viet Nam to further co-operate in the shipbuilding industry, Maxim N Kochetkov, Director for the Shipbuilding Industry and Marine Department under the Russian Ministry of Industry and Trade, said.

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Upgraded vessels to be handed to fishermen

Nha Trang Shipbuilding Company have been busy since the lunar new year, rushing to complete increasing orders for more steel-clad vessels for local fishermen.

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Vinalines starts to count profits

Accordingly, the company posted an estimated consolidated profit of VND40.3 billion ($1.8 million) last year.

“Besides profits, most of our other business indicators were fairly positive, as total goods transport and cargo throughput volumes at ports under the company’s management rose by 3 and 8 per cent, respectively,” said Vinalines acting general director Nguyen Canh Tinh.

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PM issues guidelines on Vinalines’ divestment

Prime Minister Nguyen Tan Dung has told Vietnam National Shipping Lines to divest entirely from nine seaports and companies and retain 20 per cent in Hai Phong and Saigon seaport.

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Vinalines to sell 13 vessels in 2016

The 13 ships are capable of loading approximately 400,000 tonnes.

Besides, Vinalines will focus on infrastructure and equipment projects with a view to raising its production and business capacity.

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Ningbo Xinle wins chemical tanker of Prime Shipping ( Vietnamese tanker )

Prime Shipping Corporation, a Vietnamese tanker operator, turned out to have signed a newbuilding agreement with Ningbo Xinle Shipbuilding for 2+2 26,300dwt chemical tankers.

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Vietship to be kicked off in Hanoi

PANO – The International Exhibition on Shipbuilding, Marine Technology & Transportation (Vietship) 2016 will take place from February 24th to 26th in Hanoi, announced the Ship Building Industry Corporation at a press conference on February 2nd. Continue reading

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PM approves sale of 70% of Damen Song Cam Shipyard

Prime Minister Nguyen Tan Dung accepted the proposal of the Shipbuilding Industry Corporation (SBIC) to sell 70 per cent of Damen Song Cam Shipyard to the Netherlands’ Damen Shipyards Group. Continue reading

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Boat builders criticise new rule

HA NOI (VNS) — Many shipbuilding companies in southern Kien Giang Province have complained about a new regulation that ended the granting of shipbuilding licences as of last month.

The companies said the regulation would cause huge losses, as they were not informed about the regulation earlier. Continue reading

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Coast Guard receives patrol boats

 

PANO – Hong Ha Shipbuilding Company under the General Department of Defense Industry on the afternoon of January 22nd held a ceremony to hand over two high-speed TT-400 patrol boats (the 6th and 7th boats) to the Command of the Vietnam Coast Guard.

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Production workshops, shipbuilding yards harm marine environment

The coastal waters have become seriously polluted with oil, zinc waste and domestic water waste, while suspended solids such as Si, NO3, NH4 and PO4 are at worryingly high levels.

The quality of sediment in the coastal areas and the habitats for many aquatic species has declined.

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Vietnam launches most advanced coast guard vessel

Coast guard vessel 8005, which is the second multi-purpose ship of the DN2000 line built by Song Thu Corporation, meets all the international standards and is made based on a design by Dutch engineers.

 

The DN 2000 line is currently the country’s most versatile and advanced coast guard vessel, the shipbuilding corporation said at the ceremony in Da Nang City.

The ship, which has a displacement of up to 2,400 metric tons, can operate in the open sea for 40 consecutive days within a range of 5,000 nautical miles and survive gusts blowing at 118-133km per hour.

The vessel will be assigned to the Vietnam Coast Guard to conduct sea patrols, search and rescue missions and transport personnel and support for defense forces on Vietnamese islands, according to coast guard officials.

Vessel 8005 was put into the water by Song Thu and the Vietnam Coast Guard six months ahead of schedule, which was originally set for early April 2016.

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Ha Long shipyard launched two troop-carrier ships Roro 5612

PANO – The Ha Long One-member Shipbuilding Co.Ltd., under the Vietnam Shipbuilding Industry Corporation, has successfully launched two more troop-carrier ships Roro 5612 numbered 3 and 4 for the Venezuelan Navy.

The ship, designed and equipped by the Dutch Damen Group, was built for the Latin American country under the supervision of the French register BV.

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One million dollar speedboat designed by Vietnamese engineers

Indian Coast Guard Ship Sarang visits HCM City Tran Song Hai, general director of Greenline DP, the shipbuilder, said the catamaran is 16.6 meters long and has a capacity of 1,200 CV.

The boat can carry 60 passengers and run at a speed of 55-60 kilometers per hour. The speedboat is expected to be put into use to carry passengers to replace old hydrofoils this November.

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Scientists urge firms to take full advantage of floating dock

Do Thai Binh, a renowned shipbuilding and navigation expert, and deputy chair of the Vietnam Shipbuilding Science Association, said the dock should be used as China was building a floating island on the East Sea.

M83 became famous after being imported by Vinalines, which now has many difficulties with its former chair now in jail. The floating dock was bought for millions of dollars though it is worthless.

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Surveillance ship handed over to Coast Guard

Factory X51 (Hai Minh Shipbuilding & Repair One Member Co.Ltd.) under Ba Son Corporation of the General Department of Defence Industry on June 25th handed over surveillance ship CSB 6008 to the Vietnam Coast Guard and launched a second one, coded TS 500.

With a length of 38.2m and width of 7.8m, the ship is built with a water displacement of 397.9 tons and the designated speed of 10 nautical miles per hour, and is able to stand level-7 wind speed (Beaufort Scales). The ship operates effectively within a range of 2,000 nautical miles for 30 consecutive days.

After the handover ceremony, the ship was assigned to Coast Guard Region 3.

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Vietnam Coast Guard receives new high-speed patrol boat

Vietnam Coast Guard receives two home-made modern vessels

The TT400-class vessel, numbered CSB 4035, was assigned to the VCG of Zone 4, which manages and protects the southern waters of Vietnam from Tra Vinh to Kien Giang Provinces and part of the Gulf of Thailand, in which Phu Quoc Island is located.

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Vietnam fails to retrieve $47.3mln compensation for Vinashin after graft case

Three years after sending nine executives of the state-owned shipbuilding giant Vinashin and its subsidiaries to jail for a string of violations, Vietnamese authorities are still struggling to recover millions of dollars for the companies.
Three Vinashin subsidiaries sought compensation totaling over VND1 trillion (US$47.33 million) from the imprisoned executives.

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Vietnam nabs key suspect in Vinashin debacle after 5 years in hiding

The Ministry of Public Security has arrested an executive of shipbuilding giant Vinashin, five years after he fled Vietnam to avoid an investigation into one of the country’s most high-profile corruption cases.
Officials said Giang Kim Dat, 38, will be probed for multiple violations that allegedly caused losses of over VND910 billion (US$40.98 million) at the state-owned group.

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70% foreign stake in Vietnam shipbuilder backed

Shipbuilding Corporation speeds up restructuring subsidiaries PM approves action plan to boost shipbuilding

The proposal, which has been made along with the requirement for such a high volume of shares by the firm based in the Netherlands, comes even as Vietnam’s current regulations impose a 49% limit on foreign investors’ ownership in the domestic stock market.

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Vietnamese Navy receives two home-made missile ships

Addressing the handover ceremony, Senior Lieutenant General Truong Quang Khanh highlighted the staff of the Ba Son Shipyard for making great efforts to complete the modern missile vessels. He emphasised that the second handover of M3 and M4 vessels has marked a milestone in Vietnam’s defence industry in general and the military shipbuilding industry in particular.

He asked Ba Son Shipyard to assign highly-qualified staff with the task of realizing the third handover of M5 and M6 missile vessels in mid 2016 as scheduled.

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Netherlands’ Damen eyes 49% stake in Ha Long Shipyard

Under the current regulations, the ownership ratio of foreign investors in the local stock market is limited to 49%.

In 2014, Ha Long posted output worth more than VND1 trillion ($46 million), or 114.3 per cent of the yearly target, and revenue of more than VND1.38 trillion ($63 million), equivalent to 100.2 per cent of the target.

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Vietnam to build ships for maritime research, survey locally

Accordingly, only member companies of the Hanoi-based Vietnam Shipbuilding Industry Corporation (SBIC), previously known as Vinashin, are allowed to join those tenders to secure the rights to build such ships, the website said on Friday.

Prime Minister Dung has assigned the Ministry of Natural Resources and Environment to actively work with the Ministry of Planning and Investment and the Ministry of Finance to allocate necessary capital for the project.

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Modern fishing ship handed over to fisherman

The ceremony to hand over the ship to fisherman

The Song Dao Ship Building Joint-Stock Company of the Shipbuilding Industry Corporation (SBIC) handed over a new steel-hull ship, coded VO18 01, to fisherman Nguyen Quoc Trong from Nghi Quang commune, Nghi Loc district, Nghe An province on March 2nd. This is the eighth fishing ship of this kind built at the company in the framework of the SBIC’s steel-hull shipbuilding program.

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Binh Dinh fishermen access off-shore ship building credit

BIDV representative and client signing the loan agreement. Photo: Vietnam+

The Bank for Investment and Development of Vietnam (BIDV) has disbursed the first credit package of VND 61 billion (USD 2.8 million) for fishermen in central Binh Dinh province to build new ships serving off-shore operations.

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Vietnam builds 56,200-ton ships, happy to be outsourcing provider

Vietnam’s shipbuilding industry

On April 12, 2015, Dongbacshin organized a ceremony for the hand-over of Truong Minh Dragon, a 12,500-ton ship to Truong Minh International JSC. Also at the event, Dongbacshin signed a contract to build the 56,200-ton bulk ship for Truong Minh.

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Binh Dinh fishermen access off-shore ship building credit

The Bank for Investment and Development of Vietnam (BIDV) has disbursed the first credit package of VND61 billion (US$2.8 million) for fishermen in central Binh Dinh province to build new ships serving off-shore operations

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Shipbuilding corporation healthier after restructuring

The Shipbuilding Industry Corporation (SBIC) has risen from a proverbial shipwreck after an active restructuring and is now ready to sail, stated Chairman of the firm’s member council Nguyen Ngoc Su

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DATC to buy 94 million USD Vinalines debt

The Debt and Asset Trading Corporation (DATC) is negotiating with some banks to buy nearly 2 trillion VND (94 million USD) of debt owned by the Vietnam National Shipping Lines (Vinalines).

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Thorough survey needed to avoid rushing into building ships: President

President Truong Tan Sang has asked authorities of central Khanh Hoa province and relevant agencies to thoroughly survey local fishery reserves and fishing capacity to avoid rushing into building offshore fishing ships resulting in wastefulness.

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Ha Long Shipbuilding Company hands over two tugboats

PANO – Ha Long Single-member Ltd. Shipbuilding Company (Vietnam Shipbuilding Industry Corporation) has completed ATD Tug 2412 No. 3 and ATD Tug 2412 No. 4 for export to Europe.

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Dutch firm eyes 70 percent stake in shipbuilder

The Netherlands’ Damen Shipyards Group is expected to buy at least 70 percent of the stake of Song Cam Shipbuilding Joint Stock Company, reported VnExpress online.

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Shipbuilding Corporation speeds up restructuring subsidiaries

SBIC is to restructure 152 subsidiaries in 2015. (Photo: VNA)

The State-run Shipbuilding Industry Corporation (SBIC) is to restructure 152 subsidiaries in 2015, General Director Vu Anh Tuan revealed at a conference setting the year’s tasks on January 16.

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Tam Đảo 05 jack up drilling rig keel laying ceremony

On 25 Oct 2014 in Vung Tau, PVShipyard and Vietsovpetro have together organized the Keel Laying Ceremony for Tam Dao 05 Jack Up Drilling Rig.  In this project, Vietsovpetro is the Owner and PV Shipyard is the Main contractor with the total investment value of the project upto 230 mil USD.

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Vinalines restructuring gets a further boost

Vinalines, restructuring, debts

In a recent document sent to the prime minister, the Ministry of Transport (MoT) sought government approval for state-run Vinalines to scale down its holdings in the key ports of Haiphong, Quang Ninh, Danang and Saigon from a current 75 per cent to 51 per cent.

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PM approves action plan to boost shipbuilding

Decision 1901/QD-TTg aims to implement Vietnam ’s industrialisation strategy as part of the cooperation framework with Japan until 2020, with a vision towards 2030.

An emphasis will be placed on improving infrastructure and human resources, developing support industries, ship repair services, and exports, as well as building capacity for research and development (R&D).

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Plan on developing shipbuilding industry approved

Accordingly, the current system of shipbuilding plants across the country will be restructured with utilization of the infrastructure and human resources. Support industry for shipbuilding, ship markets and ship repairing services for local demand and export will be developed.

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Shipbuilding plan set to launch

A welder at Ha Long Shipbuilding Company in northeastern Quang Ninh Province works on a ship. The action plan newly approved by the PM focuses on restructuring shipbuilding factories nationwide and developing a shipbuilding support industry. — VNA/VNS Photo Huy Hung

HA NOI (VNS)— The Prime Minister on Wednesday approved an action plan to develop the shipbuilding industry into a key industry under the implementation of Viet Nam’s Sea Strategy by 2020.

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Samsung considers $950 million shipyard project in Vietnam

VietNamNet Bridge – Samsung Heavy Industries – the 3rd largest shipbuilder in the world – is considering opening its first shipyard outside South Korea in Indonesia, Vietnam or Malaysia.

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Australian shipbuilder wants to build cruiser yard in Da Nang

After conducting a survey in the central city of Da Nang, director general of Corsair Marine International Company under the Australian SeaWind Group Mike Rees expressed desire to invest in a cruiser building yard there.

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Samsung Heavy Venturing Overseas

South Korea’s Samsung Heavy Industries Co. (SHI) has revealed plans to spread overseas by establishing the first facility abroad in an effort to revive production following the merger of Samsung’s shipbuilding and engineering units. 


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PM urges Hai Phong to focus on shipbuilding

Hai Phong should try to attract investment and foreign partners to become a mechanical engineering and shipbuilding centre of the country, Prime Minister Nguyen Tan Dung said at a working session with key officials of the northern port city on October 3.

He urged Hai Phong to continue with restructuring efforts and make full use of major infrastructure projects in the region which are almost completed to maintain its growth impetus.

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Oshima recorded historic orders in FY2013

Oshima Shipbuilding of Japan inked newbuilding orders for 65 vessels of a combined 2.36m gt last fiscal year on the strength of ‘mini boom’ in global newbuilding market.
It is the historic level in terms of single annual orders, filling its orderbook scheduled until three years from now. However, new orders are forecasted to slow down as newbuilding market condition is depressed this year.
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Government refuses to give preferential policies to Vinalines in debt restructuring

A vessel of Vinalines transport containers. Vinalines is schedule to list its first public offering by the first quarter of 2015. The Vietnamese Government will not make any preferential policies to support the Vietnam National Shipping Lines (Vinalines) during its restructuring plan. — Photo thesaigontimes.vn

HA NOI (VNS) — The Vietnamese Government will not make any preferential policies to support the Vietnam National Shipping Lines (Vinalines) during its restructuring plan.

Minister of Transport Dinh La Thang said this at a meeting attended by Vinalines’ owners in Ha Noi on August 13. Hosted by the minister, the meeting aimed to share the group’s difficulties and orient its restructuring plan, in which debt restructuring would be a key task to achieve success.

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Made-in-Vietnam AUV successfully tested

The first autonomous underwater vehicle (AUV) , built by Cam Ranh Shipyard in central Khanh Hoa province, has successfully completed its trial run at Cam Ranh Bay, the Ministry of Science and Technology announced on September 22.

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Deputy PM embarks on visit to the Netherlands

Vietnam and the Netherlands agreed to cooperate more closely on climate change, water management, agriculture, energy, and marine-based economic activities, including logistics and shipbuilding.

This agreement was reached between Deputy Prime Minister Hoang Trung Hai and the Dutch Prime Minister Mark Rutte in The Hague, the Netherlands, on September 22.

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Vietnam, Russia sign plans for engineering projects

Vietnamese and Russian representatives agreed to cooperate on several shipbuilding, engineering and light industry projects during the 17th session of the Russia-Vietnam Inter-Governmental Commission opened in the Russian city of Vladivostok on Saturday.

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Shipping industry to be developed by 2020

Prime Minister Nguyen Tan Dung recently approved a development plan for Vietnam’s shipping industry for 2020, with a vision for 2030, aiming to ease the transportation burden on roads

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Vinalines struggles to settle debts of Vinashin

Vinalines, settle debts, Vinashin, restructure

While Shipbuilding Industry Corporation (SBIC), the successor of the debt-laden Vinashin, is about to undergo the second debt restructuring phase, Vietnam National Shipping Lines (Vinalines) is struggling to settle debts previously.

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