In the weeks leading up to 2020, a lot of analysts were predicting a solid rebound in product tanker market freight rates, a scenario which, for the most part, was materialized. So, how has the market reacted in the weeks after the start of 2020?

(All information in this article is current as of its publication on February 18, 2020 by Bloomberg) The novel coronavirus (Covid-19) is already threatening oil markets, having greatly affected China’s industrial production levels and, consequently, its oil importing requirements.

Dear valued Customers and Partners, Shipbuilding Industry Corporation (SBIC) would like to express our sincere appreciation to your support during past years.

In the morning of 27th September 2018, Hyundai-Vinashin Shipyard Co., Ltd (HVS) has solemnly celebrated the naming ceremony for two tankers S433 and S434.

On 15th of June, Ha Long Shipbuilding Company holds a launching ceremony of FISHING TRAWLER SBA01 named “Atlantic Titan” and contract signing ceremony of 03 scallopers SBA 05, 06, 07 for Canadian owner.  

Many people are surprised when they find out long queues of train carriages in Song Cam Shipbuilding JSC’s workshops.  

In the morning of 22nd June, 2018 in Hai Phong, Nam Trieu Shipbuilding Co., Ltd (a subsidiary of Shipbuilding Industry Corporation - SBIC) handed over  of 56,200DWT bulk carrier , named Truong Minh Sea to Dong Bac Shipbuilding Industry JSC as the investor and Truong Minh International Joint Stock Company as the ship owner.  

On the morning of 31st May, 2018 in Hai Phong, Pha Rung Shipbuilding Co.Ltd (a subsidiary of Shipbuilding Industry Corporation - SBIC) handed over to BS Tankers and Yentec (Korea) a 6500 oil - chemical tanker BS-01 named "YN YEOSU".