Shipbuilding Industry Corporation

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Shipbuilding Industry Corporation
Native name
Vietnamese: Tổng Công ty Công nghiệp tàu thủy
TypeState-owned enterprise
IndustryShipbuilding, Defence
PredecessorVietnam Shipbuilding Industry Group
FoundedOctober 21, 2013; 8 years ago (2013-10-21)
Headquarters
Badinh, Hanoi
,
Vietnam
Area served
worldwide
Key people
 (Chairman)
(CEO)
ProductsWarships, Fishing vessels, Merchant vessels, Platform supply vessels, Dredgers
OwnerGovernment of Vietnam
Websitesbic.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[]

The logo of formerly Vietnam Shipbuilding Industry Group

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. ^ a b "VINASHIN". 2009-07-02. Retrieved 2010-09-11.
  10. ^ "vinashin". Retrieved 2010-09-11.

External links[]


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