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Company News

Opening Ceremony of PTSC Shipyard Joint Stock Company

(28/10/2010)

On October 28th, 2010 at Hamlet No. 3, Phuoc Khanh Commune, Nhon Trach District, Dong Nai Province, PetroVietnam Technical Services Corporation (PTSC) has organised the Opening Ceremony of PTSC Shipyard Joint Stock Company (PTSC Shipyard).

Opening Ceremony of PTSC Shipyard Joint Stock Company

PTSC Shipyard was established by merging PTSC’s New Ship-Building Division and the ship-building arm of PTSC Mechanical & Construction (PTSC M&C) with the Nhon Trach ship-building project of Vinashin, after its official transfer to Vietnam Oil & Gas Group (PetroVietnam).

PTSC Shipyard is operating under the form of a joint-stock company with PTSC, PVFC, and PV-EIC being co-founders, in which PTSC holds the controlling stake of 51%, PV-EIC holds 38%, and PVFC holds 11%. The business registration for the company was granted on September 29th, 2010.

PTSC Shipyard will focus its operation, among others, on design & building of specialised vessels for the oil & gas industry, with its current priority being given to fortify PTSC’s fleet of vessels, and long-term strategy to build & repair vessels for other domestic & international clients. In accordance with development strategy, PTSC is increasing its fleet rapidly to be one of the largest fleets in South East Asia, reducing its dependence on foreign ship-owners in supplying vessels for domestic clients. The establishment of PTSC Shipyard will help realising PTSC’s strategy. With its current capability, PTSC Shipyard can build and repair tugboats & crude carriers with length overall up to 100m, deadweight up to 10,000 tons, and capacity up to 15,000BHP.

Right after the establishment, PTSC Shipyard will continue the new-building of tugboat 2,200BHP which was transferred from PTSC M&C and prepare for the new-building of tugboat 5,100BHP for PTSC for chartering to Talisman Malaysia Limited.