Vinashin affiliates sign major contracts

Vinashin Lines Ltd Co, a subsidiary of Viet Nam Shipbuilding Industry Corporation (Vinashin), signed two major shipbuilding contracts this week in Hai Phong.

Under the first contract, the Ha Long Shipyard will build one 54,000-tonne ship, 190m long, 32.4m wide, 17.8m high, and with 9,480 horsepower, capable of running at 14 nautical miles per hour.

Matching the largest ships yet built in Viet Nam,the 54,000-tonne ship will be built at a cost of about US$30million.