Vinashin signes 22 international shipping contracts worth $2b
The Viet Nam Shipbuilding Industry Group (Vinashin) signed 22 contracts yesterday worth US$2 billion on the occasion of Vietship, the country’s largest shipping exhibition being held in Ha Noi.
The contracts, signed with both domestic and foreign partners, covered shipbuilding, maritime transportation, developing ancillary industries for Viet Nam’s shipping fleet and financing and insurance, Vinashin said in its written statement.
Noteworthy deals included a contract to build a 16,800 DWT cement carrying vessel for KGJS of Norway, a contract to build 16 cargo vessels for Jebsens of Norway and a contract to build a 11,000 DWT cargo ship for Kanematsu of Japan.
Most of the nine shipbuilding contracts will not be delivered until after 2010, the country’s biggest shipbuilder said.
Vinashin also signed contracts to build 81,000 containers for the American company Leasing Container Waterfront and the Taiwanese company Leasing Container Neo Tech.
"Made-in-Viet Nam containers will travel around the world, asserting Vinashin’s reputation in the international shipping market," said Nguyen Hong Anh, general director of Vinashin-TGC Container Company.
Other noteworthy contracts included an insurance service provision with the country’s largest insurer Bao Viet, sea transportation with Mai Linh Corporation and a financing agreement with the Military Bank.
Vinashin did not provide the specific value of these contracts.
According to Vinashin, Viet Nam worked to make the sea-related economy represent 53 to 55 per cent of the country’s GDP and around 60 per cent of the country’s total export turnover.
The country is now the fifth largest shipbuilder in the world, according to Fairplay, an international shipping weekly magazine based in the UK.
In an effort to keep a top position, Vinashin, which earned a revenue of $2.5 billion last year, plans to increase the share of local content to 65 per cent by 2015.
The contracts, signed with both domestic and foreign partners, covered shipbuilding, maritime transportation, developing ancillary industries for Viet Nam’s shipping fleet and financing and insurance, Vinashin said in its written statement.
Noteworthy deals included a contract to build a 16,800 DWT cement carrying vessel for KGJS of Norway, a contract to build 16 cargo vessels for Jebsens of Norway and a contract to build a 11,000 DWT cargo ship for Kanematsu of Japan.
Most of the nine shipbuilding contracts will not be delivered until after 2010, the country’s biggest shipbuilder said.
Vinashin also signed contracts to build 81,000 containers for the American company Leasing Container Waterfront and the Taiwanese company Leasing Container Neo Tech.
"Made-in-Viet Nam containers will travel around the world, asserting Vinashin’s reputation in the international shipping market," said Nguyen Hong Anh, general director of Vinashin-TGC Container Company.
Other noteworthy contracts included an insurance service provision with the country’s largest insurer Bao Viet, sea transportation with Mai Linh Corporation and a financing agreement with the Military Bank.
Vinashin did not provide the specific value of these contracts.
According to Vinashin, Viet Nam worked to make the sea-related economy represent 53 to 55 per cent of the country’s GDP and around 60 per cent of the country’s total export turnover.
The country is now the fifth largest shipbuilder in the world, according to Fairplay, an international shipping weekly magazine based in the UK.
In an effort to keep a top position, Vinashin, which earned a revenue of $2.5 billion last year, plans to increase the share of local content to 65 per cent by 2015.