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Sinopacific celebrates end of a billion dollar year

Sinopacific celebrates end of a billion dollar year

Ningbo: Sinopacific Shipbuilding Group, which describes itself as China's leading private shipbuilding company, reports a banner year for 2010. By the end of November it had delivered 54 vessels totalling 1.8m dwt in 2010, with a backlog of 4.2m dwt worth of orders still in the pipeline.

A highlight of Sinopacific's year was signing a frame agreement with Bourbon in June worth $1bn for building 62 offshore vessels, which is the largest ship building order placed in China since the global financial crisis in September 2008. The company has two shipyards - Zhejiang Shipbuilding Co., Ltd and Yangzhou Dayang Shipbuilding Co., Ltd.  [24/12/10] 

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