Technical Report No. 8 PORT AND SHIPPING
Technical Report No. 8 PORT AND SHIPPING
Technical Report No. 8 PORT AND SHIPPING
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Table 3.2.7<br />
Ownership of Purchased Ships in 1996-1998<br />
Lines Type of Vessel<br />
VINALINES Container<br />
Roro<br />
VOSCO Bulk cargo ship<br />
General cargo<br />
I-3-14<br />
<strong>No</strong>. of<br />
Vessel<br />
5<br />
1<br />
4<br />
4<br />
Vietnam National Transport Strategy Study (VITRANSS)<br />
<strong>Technical</strong> <strong>Report</strong> <strong>No</strong>. 8<br />
Shipping and Ports<br />
DWT TEU<br />
50,500<br />
6,400<br />
83,858<br />
25,588<br />
VITRANSCHART General cargo 2 31,472<br />
FALCON Crude oil tanker<br />
Product oil tanker<br />
1<br />
2<br />
60,600<br />
11,240<br />
INLACO SAIGON Product oil tanker 1 1,924<br />
3,128<br />
290<br />
TOTAL 20 271,582 3,418<br />
Source: VINALINES<br />
According to the 1998 annual report of VINALINES in 1998, in 1996-1997 they<br />
invested US$ 82 million to expand their fleet to 220,000 DWT and US$8 million<br />
for 26,000 DWT.<br />
Newly purchased vessels by SOEs dealing mainly in foreign trade are secondhand<br />
vessels built between 1982 and 1989 (mainly in 1983/1985). Despite these<br />
acquisitions and expansion, the present technical condition and structure of the<br />
Vietnamese ocean-going fleet are still not competitive and suitable: Given the<br />
ship’s average life of about 21 years, the technical condition of these purchases<br />
would already be suffering. It is thus an urgent issue for the Vietnamese<br />
maritime subsector to replace and rehabilitate its ocean-going fleet.<br />
Domestic Shipbuilding Industry<br />
The shipbuilding industry in Vietnam is unable to comply with ship owners’<br />
requirement for bigger vessels, primarily due to the lack of expertise in designing<br />
and technical skills. Other specific problems are insufficient supply of steel plates<br />
and the lack of machinery, equipment and capacity to domestically produce the<br />
main engine.<br />
Recently, VINASHIN, a state-owned shipbuilding enterprise, established a joint<br />
venture with Hyundai, a South Korean company, to repair and maintain ships.<br />
This joint venture is also planning to build big-sized vessels in their shipyard in<br />
Khoan Hoa province. But due to the insufficient supply of iron steel plates, this<br />
may not be feasible in the near future. According to the Vietnam Steel<br />
Corporation, their current capacity in producing iron steel plates is at an average<br />
of 300,000 tons per annum. Almost all are for domestic construction and there<br />
seems to be no possibility to supply to shipbuilders.