Huyndai Vinashin agrees to build tankers

Huyndai Vinashin announced on June 27 that it is building four oil tankers, each with a capacity of 50,000 tonnes, for Italian company D’Amico International Shipping S.A.

Huyndai Vinashin (HVS) announced on June 27 that it is building four oil tankers, each with a capacity of 50,000 tonnes, for Italian company D’Amico International Shipping S.A.

This is the first time the factory is building oil tankers to stricter technical requirements.

The tankers must be 183 metres long, 32.2 metres wide, 19.4 metres high and capable of travelling at 14.5 nautical miles per hour. The construction is scheduled to be complete by mid-2014.

After the global recession in 2012, HVS is now taking orders for tens of ships over the next two years on order to help workers back into stable work.

HVS was started in 1999 as a repairer of ships. It shifted to ship-building in 2008.

To date, the factory has handed over as many as 40 cargo ships, varying in size, to ship owners around the world.