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June 29, 2010

Sinopacific Wins $1bn Newbuild Order

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

By cms admin

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.

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