PEB Steel, a European manufacturer of steel for pre-engineered buildings, has signed a deal with one of the world’s largest shipbuilders Aker Yards Group in Norway to design, fabricate and erect a shipyard in the southern coastal province of Ba Ria-Vung Tau.
The US$1.8 million project, scheduled for completion by the end of September, is 1ocated in Dong Xuyen Industrial Park. It includes a 30meter-high ship building fabrication facility and a mega 120-tonne overhead crane, and is designed to meet the latest US codes and Aker Yards’ required specifications.
This is the highest building that PEB Steel has made this year, after the 22-metre-high Song Than bonded warehouse and a 28-metre office building in Bangladesh.
In January, Aker Yards announced a plan to build the first shipyard in Vietnam in line with its strategic position in the fast growing Asian market for offshore vessels. The shipyard, a 70:30 joint venture between Aker Yards and Singapore’s Amanda Group, will have annual output of three to four ships, with the first vessel to be launched in 2009.
Aker Yards plans to invest US$16 million in the project, which is expected to help strengthen its ability to serve international customers in the region.