Car carrier order a vote of confidence in builder
A RECENT order by a foreign shipowner could signal an important vote of confidence for troubled state-owned Vietnam Shipbuilding.
Nam Trieu Shipbuilding Industry, or Nasico, an affiliate of the debt and scandal ridden shipbuilder, signed a deal with Norway’s Blystad group to build two 6,900-unit car carriers for delivery in second half of 2013 and the first half of 2014.
The signing ceremony was attended by Vietnam’s deputy prime minister Nguyen Sinh Hung who said the contract represented the trust in the Vinashin brand by domestic and foreign shipping companies.
Under the terms of a related contract, Norway’s Hoegh Autoliners will dispatch 16 people to assist in building the vessels.
Hoegh originally had placed the order for the two car carriers but had cancelled the order in light of the troubles at Vinashin as well as the deterioration in the world economy following the global economic crisis, local media reported.
Source: Lloyd's List Intelligence.
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