Ha Long shipbuilder signs new 53,000 tonne cargo vessel contract

Ha Long Shipbuilding one-member Ltd Co (under Vietnam National Shipbuilding Industry Group-Vinashin) on May 16 signed a new contract to build another 53,000 tonne cargo vessel-HL16 for Thailand-based Thoresen Thai Co. The ship will have five cargo holds and 4 cargo cranes of 36 tonne lifting capacity. The Denmark Carl Bro Co-designed ship will be [...]

Faith in Vietnam falls with shipmaker

Frustration over Vietnamese state-run shipbuilder Vinashin’s failure to repay loans it defaulted on last year is intensifying among creditors Frustration over Vietnamese state-run shipbuilder Vinashin’s failure to repay loans it defaulted on last year is intensifying among creditors, potentially jeopardizing Vietnam’s plans to draw more investment to improve its infrastructure and reduce the bottlenecks that [...]

Ha Long shipbuilder launches 53,000 tones cargo ship to German partner

The ship designed by Denmark-based Carl Bro Co meets the rules and regulations of the DMV International Registration Bureau (IRB) and latest International Convention on Maritime. Ha Long Shipbuilding Industry Ltd Co (under the Vietnam National Shipbuilding Industry Group-Vinashin) on May 10 successfully launched the 53,000 tone cargo ship-HL14 named Anna Bolten to export for [...]

Vinashin given two more years for debt repayment

Under the dispatch of the government Office, deputy prime minister Nguyen Sinh Hung approved in principle for Vietnam Development Bank (VDB) to extend the debt repayment duration of Vietnam National Shipbuilding Industry Group (Vinashin) by two more years. In addition, deputy prime minister also suggested Vinashin should review production and business plans, and find partners [...]

Ship formerly owned by Vinashin detained over debt

Hoa Sen, a ship formerly owned by the Vietnam Shipping Industry Corporation (Vinashin), has been detained at a port in the Republic of Korea as a debt security. According to Nguyen Canh Viet, general director of Vinalines, which was assigned ownership of Hoa Sen last July when the government was restructuring Vinashin, told Tuoi Tre [...]

Vinashin’s Development Bank loan extended

The Government green-lighted a plan that will extend the loan payment period for Viet Nam Shipbuilding Industry Group (Vinashin). According to the Government Office, a new dispatch signed by Deputy Prime Minister Nguyen Sinh Hung said the Government agreed with the Ministry of Finance’s proposal to extend the loan payment period for export credits. Vinashin [...]

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