Halong Shipyard Lands Major Contracts
Just a few days ago, Halong Shipyard held a launching ceremony for a wind farm service vessel, CSOV 8720-YN552205, marking yet another significant milestone in the company’s remarkable progress in new ship construction.
The wind farm service vessel, CSOV 8720-YN552205, boasts impressive specifications: a total length of 88.6 meters, a design width of 19.7 meters, a height from the engine to the main deck of 8 meters, and a total height of 43.1 meters from the bottom. With a design water level of 5.3 meters, the vessel has a gross tonnage (GT) of 6,700 GT and a full load displacement of 2,000 tons.
This specialized vessel is designed to support the offshore wind power industry and is equipped with complex systems, requiring advanced technical skills and expertise during construction.
This vessel is also the first of 14 wind farm service vessels (each valued at VND 250 billion) that the company has contracted with Damen Group (the Netherlands).
Photo: Halong Shipyard
Mr. Alexander Saverys, CEO of CMB.Tech (the shipowner), shared that the vessel is equipped with state-of-the-art technology and powered by hydrogen engines. “This ship is the most technologically advanced in our fleet and leads the way in carbon reduction in the maritime transport industry,” said Mr. Alexander Saverys.
In addition to the wind farm service vessel contracts, the company is also in negotiations to sign contracts for the construction of two 120M-03 and 120M-04 tourist passenger ships, each valued at approximately VND 130 billion. They are also in talks for contracts to build tourist passenger ships and 4,000T-8,000T oil tankers.
For the period 2024 – 2026, the company plans to construct 20 new ships, including a 24,500T ship, two 45,000T cargo ships, eight wind farm service vessels, two 120-meter luxury yachts, and six other products. These contracts are expected to ensure that the company’s production value surpasses VND 727 billion in 2024.
CSOV 8720-YN552205 Wind Farm Service Vessel. Photo: Minh Duc
Mr. Nguyen Tuan Anh, General Director of Halong Shipyard, shared that the company has successfully launched large vessels weighing several thousand tons, marking a significant evolution from their previous focus on smaller ships.
The company continues to strive for development and innovation to meet the most stringent quality, safety, and efficiency standards, catering to the global wind power energy industry and solidifying Vietnam’s shipbuilding industry’s position in the international market.
With the Damen Group’s orders and contracts signed with domestic and foreign customers, the company has secured employment for over 1,000 workers until 2028.
The Potential of the Maritime Transport Industry
Alongside the growth of the shipbuilding industry, maritime transport in Quang Ninh province has also received significant investments due to the increasing demand for sea transportation.
According to the Quang Ninh provincial portal, two maritime transport companies from the province have earned a reputation as trusted private shipowners nationwide in the last two years.
One of them is Vietnam Thuan Transportation Company Limited, which has proactively invested in a diverse fleet of vessels ranging from 5,000 to 80,000 tons to cater to the stringent supply chain standards of major consumers like Vinh Tan and Hoa Phat Steel Corporation.
Vietnam Thuan also owns 17 sea-going vessels with a deadweight tonnage ranging from over 10,000 to 76,000 DWT, operating on international routes such as Indonesia, China, the Philippines, and domestic routes within Vietnam (Quang Ninh, Dung Quat, Vung Ang, Duyen Hai, Vinh Tan, and Can Tho). They also possess a fleet of 48 inland watercraft, contributing to a total fleet tonnage of nearly one million tons and an annual transportation volume of tens of millions of tons. Vietnam Thuan is currently the fastest-growing company in Vietnam’s inland water transport industry.
Meanwhile, Hai Nam Company Limited owns 12 seagoing vessels, including six with a deadweight tonnage ranging from 31,000 to 53,000 DWT operating on international routes in Asia and six with a deadweight tonnage of up to 29,000 DWT serving domestic routes, along with various inland watercraft.
Vietnam’s maritime transport industry is experiencing robust growth, increasing from a 6% share in 2016 to 13% in 2022, the highest growth rate in the region.
According to industry experts, Vietnam’s maritime transport sector is well-positioned to benefit from supply chain shifts. As the European and North American import markets diversify away from China and toward Southeast Asia, Vietnam stands to gain significantly.
In their October analysis, Yuanta Vietnam Securities assessed that major shipping lines are eyeing Vietnam as an important destination, presenting significant opportunities for the industry. Leading global port operators, such as APM Terminals (Maersk) and TiL (MSC), have expressed interest in exploring investment opportunities to develop large, modern deep-sea container ports and strategic logistics projects in Vietnam.
