SinoPacific Signs Deal for Six OSVs

The SINOPACIFIC Shipbuilding Group signed a newbuilding contract of 4 SPP35 platform supply vessels (PSV) and a Letter of Intention of 2 large SPP50 PSVs with SLOK Nigeria Ltd. The six vessels are scheduled to be delivered by the end of 2014. This marks the first time that independently designed offshore supply vessel (OSV) products of SINOPACIFIC direct selling to the African market, signifying the growing maturity and acceptance of the SP brand within the market. Over the past two years, SINOPACIFIC has successfully sold 20 similar vessels.
Reportedly, the two newly contracted types will be built at SINOPACIFIC’s Dayang Shipyard.
“Dayang has been focusing on efficiently building bulk carriers. This time, the building of high value-added OSVs is a major strategic initiative taken by SINOPACIFIC to transform and upgrade Dayang in the downturn of the current shipbuilding market,” said Wang Jianding, general manager of Dayang Shipbuilding, “In the future, Dayang will continue to build upon the Group’s design and market advantages to adjust our product mix accordingly, fully leverage our strength in production capacity and manufacturing efficiency, to ensure it to become one of the manufacturing bases which SINOPACIFIC will use to carry out its OSV strategy - leadership in niche market.”
SLOK is a leading company in the upstream service of oil and gas supply in Nigeria, and also the first African client to order medium- and large-sized PSVs from China. “The cooperation with SLOK symbolizes that we have sufficient advantages and conditions to implement the relevant market strategies in West Africa,” stated Simon Liang, President and CEO of SINOPACIFIC, “We are capable of combining the innovation of business with leading technologies to maintain our leading position in the OSV segment.”