Graig builds Diamond alliance in Vietnam

CARDIFF-based Graig Group has placed a contract for five firm orders and ten options for its Diamond 53 handymax double-hulled bulker with Vietnamese state shipbuilder Vietnam Ship Industry Corporation (Vinashin). This order is part of a ground-breaking strategic alliance which will see the Vietnamese shipbuilding industry expand the range and quality of its output and will draw on Graig’s long standing experience with building high quality ships in China.

“This series of orders for our robust and practical double-hull bulker design gives us attractive delivery positions,” says Hugh Williams, ceo of Graig. “At the same time, we can help the Vietnamese yards with the design, with procurement, with finance and with all important quality control. Our experience of working with yards in China to build series of ships means we can help the yards to develop, and give confidence to our partners that Vietnam can provide them with high quality tonnage.”

Delivery date for the first Vinashin vessels is January 2006. The ships will be built at two state-backed shipyards, Halong, in Quang Ninh province, and Namtrieu Shipbuilding Industry Company in Haiphong. These will be the largest and most sophisticated vessels yet built in Vietnam. “We have inspected the yards and are confident that, with the right support, they can not only build these ships to a good standard, but will grow to become another substantial shipbuilding centre,” says Williams. “There has already been substantial investment in modern shipbuilding equipment and practices, with the full support of the Vietnamese government. Graig will be opening an office in Vietnam to serve this project and other projects currently under discussion. We see this as a logical extension of our activities in China where we have a long history of successfully working with series construction in Chinese shipyards.”

The Diamond 53 design is a geared, wide-hatched 53,000 dwt ultra-handymax double hull bulk carrier that has been developed jointly by Graig and Denmark’s’ Carl Bro after detailed discussions with charterers. Graig and Carl Bro have a joint venture design company based in Shanghai. The vessels will be classed with DNV: – DnV +1A1 Bulk Carrier with full Nauticus package including a full 3-D model. Fourteen Diamond 53 vessels have already been ordered in China, and the first vessel is scheduled for delivery this year.