Sinopacific Shipbuilding Group Co Ltd signed a framework agreement with Bourbon Group, a French offshore oil and gas marine services provider, to supply US$1 billion worth of 62 vessels in the next few years in spite of the sluggish ocean freight market.
Liang Xiaolei, chairman of Sinopacific Shipbuilding, said that it has delivered 100 vessels for Bourbon and will continue to provide comprehensive shipbuilding services.
In 2009, Sinopacific Shipbuilding sold 60 vessels for a total of US$2 billion, and the vessel sales volume is expected to hit 75 units this year.
In addition, Sinopacific Shipbuilding has announced that it has secured a loan worth US$400 million from the Export-Import Bank of China to improve its bottom line.
Reportedly, Sinopacific Shipbuilding has submitted the application to China Securities Regulatory Commission to list on the Shanghai Stock Exchange.
Liang Xiaolei, chairman of Sinopacific Shipbuilding, said that it has delivered 100 vessels for Bourbon and will continue to provide comprehensive shipbuilding services.
In 2009, Sinopacific Shipbuilding sold 60 vessels for a total of US$2 billion, and the vessel sales volume is expected to hit 75 units this year.
In addition, Sinopacific Shipbuilding has announced that it has secured a loan worth US$400 million from the Export-Import Bank of China to improve its bottom line.
Reportedly, Sinopacific Shipbuilding has submitted the application to China Securities Regulatory Commission to list on the Shanghai Stock Exchange.