Sinopacific Orders Rolls-Royce Design, Equipment
Rolls-Royce has announced that it has won an order to provide design and integrated equipment packages for two UT 771 WP platform supply vessels to be built by Sinopacific Shipbuilding Group Co. Ltd (SINOPACIFIC), a shipbuilder in China. The contract incorporates MTU-engines as part of an integrated power and propulsion package within the successful UT-vessel series. The UT 771 WP design from Rolls-Royce enhances the ship’s performance due to the signature wave piercing bow, designed to pierce through the waves in rough seas.
ABS Elects New Council
At the 150th Annual Meeting of the Members of ABS, three industry leaders were elected to the ABS Council. Following the Annual Meeting, the ABS Council met and elected industry leaders to both its Marine and Offshore Technical Committees. Individuals serving on the ABS Council and the Technical Committees help guide the class society in fulfilling its mission of promoting the security of life, property and the natural environment. “Classification represents the concept of self-regulation for the marine and offshore industry,” said ABS President and CEO Christopher J. Wiernicki.
Sinopacific Shipbuilding Plans Shanghai Listing
Sinopacific Shipbuilding Group Co. Ltd. plans to list on the Shanghai Stock Exchange in June 2008, raising about $670.6m, a source close to the matter told XFN-Asia. The source said the company has filed its listing application with the securities regulator, with CITIC Securities expected to underwrite the issue. In addition, the company also plans to introduce AXA Group and Bank of China International (BOCI) as strategic investors, the source added. [Source: http://www.forbes.com]
