Local ship-builder to co-operate with Russian partner

Oct 28th at 14:18
28-10-2016 14:18:52+07:00

Local ship-builder to co-operate with Russian partner

The local Song Thu Shipyard Corporation has agreed to co-operate with Vostochnaya Verf shipyard (Primorye), Russia in the production of cruise ships for tourism development in Viet Nam.

 

General director of Đa Nang-based ship builder, Ha Son Hai said the two sides will start construction of ships to serve local property developer Sun Group's tourism projects in Đa Nang, before expanding to mass production in Viet Nam's market and for export.

Hai said Song Thu had inked an agreement on education, science and innovation development projects with the Admiral Nevelskoy Maritime State University, in Vladivostok, Primorye of Russia.

Russia is a very new market for local ship builders when it launched a dredger, the TSHD2000, for Russia's Rosmorport company in 2015.

Song Thu Corporation, which is a major shipbuilder in Viet Nam, in co-operation with the Damen Group from the Netherlands, has exported 40 vessels, including fast-crew supply ships, rescue ships, salvage tugs and drive tugs, besides patrol boats to the Middle East, South America, Europe and the domestic market, with an annual export volume of US$55 million.

The company also constructed four oil tankers for Australia's DMS Maritime and two Stan Patrol ships, SPA 5009, for export to Venezuela, and two Azimuth Stern-Drive Tug (ASD) ships to Gabon in 2014-15.

The company was assigned as the National Centre for Oil Spill Risk Response in the central region.

In 2015, the chambers of Commerce and Industry from Đa Nang and Russia's Union Primorye signed a Memorandum of Understanding (MoU) on trade, investment, export, and tourism as well as boosting exports from Russia to ASEAN through the East-West Economic Corridor that links Viet Nam, Laos, Thailand and Myanmar via Đa Nang port.

bizhub



NEWS SAME CATEGORY

Steel giant's profit triples in 9 months

Thai Nguyên Iron and Steel Corporation (Tisco) earned after-tax profit of more than VND208 billion (US$9.28 million) in the first nine months of this year.

Numerous events to be held for textile promotion

The Viet Nam Textile and Apparel Association (VITAS) will host the ASEAN Federation of Textile Industries (AFTEX) and an international conference related to the...

Work on $31m animal feed factory begins

Construction of a US$31 million animal feed factory was kicked off yesterday in the northern province of Ha Nam.

Agro-forestry-fishery export value soars 6.3%

The total export value of agro-forestry-fishery products in the first ten months of this year reached US$26.4 billion, a year-on-year increase of 6.3 per cent...

US rescinds administrative review on VN wind towers

Viet Nam's Ministry of Industry and Trade said the US Department of Commerce (DOC) rescinded the second administrative review of the anti-dumping tariff order on...

VN pharma sector optimistic

Vietnamese pharmaceutical companies are optimistic about the business prospects of the sector, as well as its potential in 2016-17.

PM names power plants vital for socio-economic development

Prime Minister Nguyen Xuan Phuc has listed six hydroelectric power plants that play a vital role in socio-economic development of Viet Nam.

Viet Nam goes from coal exporter to importer

Viet Nam's coal sector is facing decreasing exports and competition from imported coal, Nguyen Khac Tho, deputy director of the General Directorate of Energy under...

Steel imports rise 25% in 9 months

Viet Nam spent US$5.84 billion importing 13.92 million tonnes of steel and iron products in the first nine months of the year, the General Department of Customs'...

Seafood exports set to pass $7b threshold this year

The country's seafood exports are expected to reach US$7 billion this year, a year-on-year increase of 5.5 per cent, according to the Viet Nam Association of...


MOST READ


Back To Top