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Vinashin Wins Seven-Ship Contract

Maritime Activity Reports, Inc.

October 11, 2005

The Vietnam Shipbuilding Industry Corporation (Vinashin) signed a contract to build seven more 53,000-ton ships for export to Britain, according to a report on www.vnanet.vn. The move brings the number of 53,000-tonne cargo vessels Vinashin has contracted to build for British customers to 17.