Strategic Marine Opens Shipyard in Vietnam

Western Australian shipbuilder Strategic Marine officially opened its $16.3m (USD) shipyard in Vietnam, demonstrating that the company is confident it can ride out the current global economic turmoil.

Strategic Marine Chairman Mark Newbold told several hundred dignitaries and guests attending the grand opening that the Vietnamese yard had already won more than $61.8m in orders. Newbold said with three other yards in Australia, Singapore and Mexico, the company was currently constructing 63 fully-financed vessels with an order book value of $164.2m, with an additional 77 vessels already contracted by international clients valued at $80m. He also announced the company had pioneered and funded an apprenticeship scheme which would see 55 Vietnamese undertake a two-year course in a range of specialized shipbuilding skills. “This scheme is expected to boost the National government’s plans to expand and modernize its shipbuilding industry, while helping us to upgrade skill levels,” Newbold said. With its newest facility, Strategic Marine has transformed 136,000sqm of vacant land at Dong Xuyen Industrial Zone in Ba Ria Vung Tau province into a fully functioning shipyard with the capability to construct large steel and aluminium vessels.

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