Sinopacific Wins $1 Billion Order for Offshore Vessels

China’s leading private shipbuilding company, Sinopacific Shipbuilding Group signed a frame agreement with reputable French offshore and marine service provider Bourbon today. The agreement indicated that Sinopacific will build 62 ships that is worth approximately 7 billion RMB (1 billion US$) for Bourbon in the coming years. The ships to be build include platform supply vessels, anchor handlers vessels etc. This is the largest ship building order in China after the global financial crisis in September 2008. The large order has reinforced Sinopacific’s leader’s position as the world biggest offshore vessels builder, impelling its fast growth. It will also accelerate the upgrade of Zhejiang and China’s shipbuilding industry.

The agreement signing ceremony was held in Ningbo Shangri-La Hotel, deputy mayor of Ningbo Mr. Yu Hongyi and Mr. Jacques de Chateauvieux, Chairman & CEO of Bourbon Corporation, Simon Liang, Chairman of Sinopacific Shipbuilding Group, Qiang Jiang, President of Evergreen Industries Holding Group attended the signing ceremony.

“Sinopacific is a reliable strategic partner in China, and our cooperation in the past years has proven that they can build ships that are able to meet our strictest quality standard. After working together for several years, we have found the best way to cooperate” said Mr. Jacques de Chateauvieux, Chairman & CEO, “We also see Sinopacific’s integrated service as an important factor for us to select them, where they are able to provide designing and shipbuilding services, and this simplify the process.”

“We are quite determined to develop ourselves as an international player. Bourbon is an important partner that will assist us to achieve our goal, and we have built 100 ships for Bourbon so far” commented Mr. Simon Liang, Chairman of Sinopacific Shipbuilding Group, “Bourbon faith in us to build these ships is a strong indicator of our capabilities, this is also the result of constant upgrade to our technologies and our insistent on high quality production.”

Since the formation of Sinopacific, many wonders of development were created thanks to its business strategies – “Perfection in simple products”, “Leadership in niche markets”. The company’s production value has surpassed RMB 12 billion and it has become one of the leading shipbuilding companies in China. The company consistently builds up its integrated abilities and this includes strengthening its ship design abilities.