Sinopacific Wins $1bn Newbuild Order

29 June 2010 (Last Updated June 29th, 2010 18:30)

Sinopacific Shipbuilding has secured a CNY7bn ($1bn) newbuild contract from French offshore oil and gas marine services provider Bourbon Group. The Chinese shipbuilder said it will manufacture 62 vessels, including offshore support vessels and anchor-handling tugs, according to tradingmar

Sinopacific Shipbuilding has secured a CNY7bn ($1bn) newbuild contract from French offshore oil and gas marine services provider Bourbon Group.

The Chinese shipbuilder said it will manufacture 62 vessels, including offshore support vessels and anchor-handling tugs, according to tradingmarkets.com.

Sinopacific said the deal is the biggest contract placed with a Chinese shipbuilder since September 2008.

Last year the company delivered 60 vessels, with overall sales volume topping $2bn.