Local shipbuilder partners with Russia
The local Song Thu Shipyard Corporation has agreed to cooperate with Vostochnaya Verf shipyard (Primorye), Russia, in the production of cruise ships for tourism development in Vietnam.
General Director of the Danang-based shipbuilder Ha Son Hai said the two sides will start construction of ships to serve local property developer Sun Group's tourism projects in Danang, before expanding to mass production in Vietnam's market and for export.
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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 Vietnam, in cooperation 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.
