Hanoi: At least one shipbuilder in Vietnam is still busy. A recent report from Greek broker Golden Destiny shows that Vietnam’s Hyundai Vinashin, a Korean-Vietnamese joint venture, has won an order from South Korean player, Joong Ang Shipping for two 63,000dwt bulkers with delivery in September and December 2014 at a price of $25m each.
More good news for the yard comes from Wilmar International of Singapore who decided to place an order for two 49,000dwt MR product tankers vessels there with delivery in the second half of 2014.
Hyundai Vinashin is a rarity in Vietnam, a nation whose shipbuilding ambitions have come crashing down amid the global shipbuilding slump and a massive corruption scandal among senior shipbuilding officials at state-run Vinashin. [27/12/12]