The Vietnam Shipbuilding Industry Group (Vinashin) enters 2007 with a number of contracts worth billions of US dollars to build ships for domestic customers, including three 105,000-tonne oil tankers for the Vietnam Oil and Gas Transport Joint Stock Company. This marks a new and important development of the country’s shipbuilding industry.
Visiting Vinashin’s shipbuilding establishments, we witnessed the bustle of workers who were constructing the last parts of ships to be delivered to customers.
Most of shipbuilding factories are operating at top capacity to complete on-going and new contracts of which some will run until 2010. It is estimated that the group’s production value will reach nearly VND 23,000 billion (nearly US $2 billion) in 2007, an increase of 29% over the previous year. Bach Dang, Nam Trieu, Pha Rung and Ha Long factories are building 32 cargo ships ranging from 4,000 to 20,000 tonnes for the Vietnam National Shipping Lines (Vinalines), and at the same time preparing infrastructure for the implementation of the contract also signed with Vinalines concerning 64 ships with a combined capacity of 2.8 million tonnes. According to the contract, Vinashin will build 19 ships in the 2007-2010 period and 45 others in the 2010-2015 period.
To raise the number of the country’s crude oil fleet, there will be an increase in “Made in
Vinashin will focus on exporting cargo ships from 3,000 to 75,000 tonnes to
In order to ensure the timely completion of the already signed contracts, workers in different factories even worked during the New Year holidays. Mr Thien, a member of staff from the Ha Long Shipbuilding Factory said that the shipyard would undertake a huge work load this year to deliver four 53,000-tonne ships and build three more for the Graig Investment Limited from
The key leading to the recent significant achievements of Vinashin comes from the group’s diverse development strategy aimed at gaining more valuable contracts, upgrading shipyards to build larger ships and expanding its activities to transportation. The group has opened a number of industrial zones to produce steel, hydraulic motors and navigation facilities to its serve shipbuilding work.
Vinashin has chosen a clear-sighted development strategy by first building small ships of high quality such as 6,500, 11,500 and 12,500-tonne cargo ships and then improving workers’ abilities and upgrading its infrastructure to receive larger contracts. More and more customers at home and abroad now consider Vinashin as a reliable partner, an important factor for the group’s stronger development in the coming period.
- Developing halal industry in PH
- Drilon: Shipbuilding industry needs upgrade
- Suntrust Properties to develop Cavite industrial park
- PH, Indonesia sign MOU to develop seaweed industry
- Department of Agriculture to develop cassava industry in Tawi-Tawi
- Hanjin lands PH in Top 5 shipbuilding countries
- Shipbuilder Hyundai Heavy splits into 4 firms
- Shipbuilder Samsung Heavy posts record plunge due to loss forecast
- DTI eyes perks for shipbuilding
- Hanjin Heavy gears the Philippines as a big shipbuilding nation