Hoa Phat signs contract to build new 65,000 DWT Cargo Vessel

On September 28, 2026, Hoa Phat Shipping Joint Stock Company signed a contract with Nam Trieu Shipbuilding Company to build a new 65,000 DWT cargo vessel. 

Attending the signing ceremony were Mr Pham Hoai Chung, Chairman of the Members’ Council of Shipbuilding Industry Corporation; Mr. Tran Manh Ha, General Director of Shipbuilding Industry Corporation; and Pham Quang Tuyen, General Director of Nam Trieu Shipbuilding Company. Hoa Phat Group was represented by Mr. Doan Quang Thinh, Director, and Mrs Nguyen Thi Hoai Thu, Deputy Director of Hoa Phat Shipping Joint Stock Company, along with representatives from the relevant departments of both companies. 

Designated S650-01, the vessel will have an overall length of 199 meters, a design length of 195.3 meters, a beam of 32 meters, a molded depth of 19 meters, and a deadweight capacity of 65,000 metric tons. Hoa Phat is investing in the new vessel primarily to transport raw materials for the Group’s steel production. Nam Trieu is expected to complete and deliver the vessel to Hoa Phat in 2028.

Mr. Pham Hoai Chung, Chairman of the Members’ Council of Shipbuilding Industry Corporation

Speaking at the event, Mr. Pham Hoai Chung, Chairman of the Members’ Council of Shipbuilding Industry Corporation, congratulated Hoa Phat Shipping and Nam Trieu Shipbuilding and expressed confidence in the success of their partnership. He emphasized that this is Vietnam’s largest class of general cargo vessel. 

Mr. Doan Quang Thinh, Director of Hoa Phat Shipping Joint Stock Company

At the signing ceremony, Doan Quang Thinh, Director of Hoa Phat Shipping Joint Stock Company, expressed confidence in Nam Trieu Shipbuilding’s capabilities and experience. Hoa Phat expects the newbuild project to be completed successfully and to fully meet its quality, schedule, and safety requirements when the vessel enters service. 

Hoa Phat signs contract to build new 65,000 DWT Cargo Vessel

Hoa Phat currently operates a fleet that includes large oceangoing vessels used to transport raw materials for steel production and domestic cargo vessels that carry finished steel products. The addition of S650-01 will enhance the fleet’s capacity and operating efficiency, optimize the Group’s transportation costs, and help meet part of the demand from external customers.