Vinashin gets big Vinalines order

The Vietnam Shipbuilding Industry Corporation (Vinashin) has signed a contract to build 64 ships with a combined capacity of 2.8 million tonnes for the Vietnam National Shipping Lines (Vinalines). The ships will be built at a total cost of $2.3 billion and the contract runs till 2015.

By 2010, Vinashin will complete 19of the ships, helping Vinalines raise its fleet’s capacity to 2.6 million tonnes. The remainders, mainly cargo ships, container ships and oil tankers, will be built between 2011-2015.