With Resolution 220/NQ – of the Government, the bankruptcy roadmap of Vietnam Shipbuilding Industry Corporation (SBIC, formerly Vinashin) and 7 subsidiaries of SBIC has been activated. The bankruptcy will be an opportunity for shipyards in SBIC to enter a new phase, seizing this opportunity to develop…
In 2023, Nam Trieu Shipbuilding Company Limited (SBIC’s main company) has exceeded many planned targets. Including the construction of two new 65,000WT cargo ships, two transfer cranes, and a 7,000m3 oil tanker. Repaired 40 ships, and so far delivered 38 ships…
The company’s total production and business value in 2023 reached more than 484 billion VND, exceeding the plan by 18.4%. In 2024, Nam Trieu set a production value target of more than 567 billion VND, exceeding 17.2% compared to 2023. Currently, the company is negotiating with ship owners Damen Group and IHC Group Netherlands on cooperation in building new types of dredging vessels with capacities of 2,300m3 and 31,000m3.
At Pha Rung Shipbuilding Company Limited (a subsidiary of SBIC), in 2023, Pha Rung signed 07 new construction contracts, is implementing the construction of 06 products including 24,000T ship, 6500T cargo ship, 03 13,000T chemical oil tankers for Korean ship owners, 01 mooring buoy for domestic ship owners, has handed over 02 products including 24,000T ship – Truong Nguyen Sky and 6,500T cargo ship, repaired 63 ships and handed over 55 ships, dismantled 02 ships Star 18 and Binh Minh 79…
Pha Rung’s total production value in 2023 reached more than 416 billion VND, of which shipbuilding reached about 237 billion VND and repair reached 162 billion VND. Total revenue and other income reached more than 402 billion VND, completing 100% of the yearly plan.
Mr. Vu Huu Chien, General Director of Pha Rung Shipbuilding Company Limited, said that in 2024, the Company will deploy the construction of 6 new products including: 5 13,000T chemical oil tankers and a mooring buoy, ensuring the delivery of 2-3 products, at the same time deploying the repair of 67 ships, handing over 61 ships, continuing to expand the repair market for foreign customers such as Russia, Korea, the Middle East, India…
It is expected that in 2024, the company will exceed the plan by 10-15%. It is expected that in 2025, 2026, 2027, with newly built products that have been signed and will be signed contracts, the company’s production growth will reach an average of 10-15%/year.
Although the current operating results are improving, the amount earned is not enough to pay interest and old loans from the Vinashin period. Nam Trieu shipyard and Pha Rung shipyard in Hai Phong are still on the bankruptcy list with the parent company SBIC.
Also according to Resolution 220/NQ-CP, only Song Cam Shipbuilding Joint Stock Company in Hai Phong is not subject to bankruptcy along with its parent company SBIC, because it has no bad debt and operates effectively.
In 2023, Song Cam Shipbuilding Company will construct 54 new ships and repair 01 ship. Of which, 27 new products have been delivered, including: 04 ASD 2811 ships, 08 ASD 2813 ships; 03 ASD 3212 ships; 08 RSD 2513 ships, 02 SPA 207 ships and 01 oil barge to Wolverine Canada Group after 21 months of construction… achieving revenue of about 1,012 billion VND, equal to 163% of the plan..
In particular, since cooperating with Damen Group (Netherlands), Song Cam’s products have been upgraded with lines of public service ships, work ships, supply ships, tugboats, fire fighting ships, maritime rescue ships, high-speed boats supporting yachts… requiring modern shipbuilding technology and skills according to current international standards.
In 2024, Song Cam aims to focus on exporting shipbuilding products to the Damen Shipbuilding Group – Netherlands, while expanding to new building and ship repair markets for foreign customers.
Source: vneconomy.vn
