Shipbuilding Industry Corporation

Shipbuilding Industry Corporation
Native name
 Vietnamese: Tổng Công ty Công nghiệp tàu thủy
State-owned enterprise
Industry Shipbuilding, Defence
Predecessor Vietnam Shipbuilding Industry Group
Founded October 21, 2013 (2013-10-21)
Headquarters Badinh, Hanoi, Vietnam
Area served
 worldwide
Key people
 Nguyen Ngoc Su (Chairman)
Cao Thanh Dong (CEO)
Products Warships, Fishing vessels, Merchant vessels, Platform supply vessels, Dredgers
Owner Government of Vietnam
Website sbic.com.vn

Shipbuilding Industry Corporation (SBIC) is a state-owned shipbuilding holding group in Vietnam, which offers a wide variety of new building choice from merchant vessel to platform supply vessel to other custom made-to-order ships. It was established based on restructured Vietnam Shipbuilding Industry Group.

History

Shipbuilding Industry Corporation's predecessor Vietnam Shipbuilding Industry Group (Vinashin) is a state-owned shipbuilding firm in Vietnam. it was one of Vietnam's leading industrial concerns, and entered into a partnership with Damen,[1] Kongsberg, and Hyundai.[2] Vinashin was heavily indebted,[3] and executives have been arrested for mismanagement.[4] but it has been claimed that further restructuring would allow debts to be repaid within a year.[5] Vinashin folded under a debt burden of $4.5 billion in 2010;[6] as of March 2011, it was being restructured.[7]

Ports

Vinashin operated several ports and shipyards around Vietnam.

In August 2010, Damen Vinashin began construction on a new shipyard on a 42 hectare site in Haiphong[8]

Ships built

Vinashin constructed both merchant ships and military ships. A number of ships in the Vietnam People's Navy were built by Vinashin. [9]

Merchant ship construction included dry cargo, tankers, lash carriers, and passenger vessels.[10]

Vinashin was the largest shipbuilder in Vietnam, accounting for approximately 80% of shipbuilding capacity.[9]

References

  1. ↑ "Damen". Retrieved 2010-09-11.
  2. ↑ "Vinashin: A rising giant - Kongsberg Gruppen". Retrieved 2010-09-11.
  3. ↑ "Vinashin boss was suspended at behest of investigative agency - Politics - VietNamNet". 2010-09-01. Retrieved 2010-09-13.
  4. ↑ "More Officials of Indebted Shipbuilder Arrested - WSJ.com". 2010-09-13. Archived from the original on September 8, 2010. Retrieved 2010-09-13.
  5. ↑ "www.fairplay.co.uk - Vinashin see debt repayment in one year". Retrieved 2010-12-21.
  6. ↑ Pham, Nga (2011-01-11). "Vietnam's Communist Party congress faces economic test". Hanoi: BBC News. Retrieved 2011-01-13.
  7. ↑ "No penalty for Hanoi ship scandal officials: govt". Retrieved 2011-03-27.
  8. ↑ "Damen Builds New Shipyard in Vietnam". Retrieved 2010-09-11.
  9. 1 2 "VINASHIN". 2009-07-02. Retrieved 2010-09-11.
  10. ↑ "vinashin". Retrieved 2010-09-11.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.