Vinashin clinches new ship deal with Graig

17-Feb-2005 Intellasia | 16/Feb/2005 the Saigon Times Daily page 1 | 1:41 PM Print This Post

Vietnam Shipbuilding Industry Corporation (Vinashin), the country’s largest shipbuilder, today begins building the first two ships in a 15-vessel deal with Graig Shipping of Britain.
The two vessels will be built at two different shipyards in the country’s north—Ha Long in Quang Ninh Province and Nam Trieu in Hai Phong City. Vinashin deputy general director Nguyen Quoc Anh said the first vessel would be completed by May 31, 2006.
The remaining vessels will be delivered to Graig Shipping at five-month intervals, he said, adding the five-year contract was signed in January by 2004.
Anh said that at the start of the Lunar New Year, Vinashin got good news as it clinched a deal to build five vessels for Graig on February 10.
“The deal signals the beginning of a busy year for Vinashin as we have also received an order from Germany for two 17,000-DWT container ships,” Anh said.
Anh said the value of the deals to build five vessels for Graig and two for Germany was some US$200 million.
“We are negotiating a deal for 16 container vessels of 5,000 DWT for the Danish Clipper Ship Company and a deal for container vessels of 17,000 DWT for Dutch firm Splithoff.”
Anh added if things went smoothly, contracts would be signed in this quarter.
Vinashin gained a deal with Vietnam National Shipping Lines (Vinalines) for 13 cargo vessels of 6,500-22,500 DWT in the end of by 2004.
To date, the value of the contracts Vinashin has signed with customers from Vietnam, the UK, Denmark, the Netherlands and Japan is more than US$1 billion.


Category: Business

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