Vietnam: NASICO Hands Over Five New Vessels to Its Owners

Yesterday, on Dec. 28th, 2011, The Nam Trieu Shipbuilding Industry Corporation (NASICO) held delivery ceremony for five newly built vessels. NASICO, a subsidiary company of the Vietnam Shipbuilding Industry Group (Vinashin) successfully handed over five ships to its foreign partner and domestic ones.

These vessels include a 9,200-tonne ship delivered to Hanse Capital of Germany, a 53,000-tonne cargo ship manufactured for the Hoa Ngoc Lan shipping company, and three others for the Nam Trieu shipping company.

The handover of the ships proved company’s efforts in overcoming difficulties and affirmed the efficiency of the Vinashin restructuring plan.

During the ceremony, Nam Trieu Shipbuilding Industry Corporation also took the opportunity to celebrate 45th anniversary of NASICO establishment.

Mr. Do Van General Director of Nam Trieu Shipbuilding Industry Corporation said, ” to complete the transfer of products on schedule thousands of our staff and workers were working overtime. Thanks to them these vessels were completed and delivered on time.”

Among the ships that were handed over, the Ocean Queen is a 53.000 DWT Bulk Carrier. It is a new generation of double hull ships with single propeller, powered by two-stroke diesel engines, with five cargo holds, with total capacity of 65,700 m3. Ship’s propeller systems and main engine are remotely controlled. The vessel was designed by Carl Bro of Denmark and measures 190m in length, width 32.26 m, depth 17.5 m and has draft of 12.60 m.

Vietnam Shipbuilding Industry Group (Vinashin) is one of the largest state-owned enterprises in Vietnam and offers shipbuilding, ship repair, shipping, heavy industries and other services to enterprises within Vietnam as well as internationally. The current total newbuilding capacity is 470,390 DWT, up by 172% from 2006 capacity of 172,800 DWT. Vinashin is a holding company with over 160 subsidiaries including 39 shipyards (30 operating shipyards and 9 shipyards under construction).

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Shipbuilding Tribune Staff, December 29, 2011; Image: vinashin