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Submitted by ctv_en_7 on Tue, 07/04/2006 - 09:45
The Vietnam Shipbuilding Industry Corporation (Vinashin) signed shipbuilding contracts with foreign partners, including those from Japan, Germany and Israel, worth nearly US$4.5 billion in the first half of this year.

Most cargo ships under these contracts were of 5,300-56,000 tonnage. In the reviewed period, 29 ships of 1,000-3,000 tonnage were also built.

Vinashin is working with Japanese and German firms to build cargo ships of 8,700-56,300 tonnage and container ships of 900-1,100 TEU and with PetroVietnam to build oil tankers.

The corporation is focusing on upgrading its 10 shipbuilding subsidiaries in order to make Vietnam become one of the world's four largest shipbuilding countries by 2015.

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