Paragon Shipping fails to accept delivery of newbuild bulker from Sinopacific yard

Athens-based Paragon Shipping Inc announced that it has received a notice of default from China’s Yangzhou...

Sinopacific’s parent firm defaults on $61m short term bond

China’s Evergreen Holding Group (EHG), parent firm of Sinopacific Shipbuilding Group, has defaulted on a RMB400m ($61.2m) short term bond, raising concerns over the group’s ability to revive its shipbuilding business.

Troubles brewing at Sinopacific’s ship design unit and Dayang yard

Troubles at China’s Sinopacific Shipbuilding Group are brewing with local media reporting a imminent shut down of its Shanghai ship design department and lay-offs at its Dayang Shipyard. ...

Sinopacific Offshore gets $231m financial aid from CIMC Enric

CIMC Enric, an affiliate company of China International Marine Containers (CIMC), has announced that it has...

Sinopacific quashes rumours of unpaid wages to shipyard workers

Sinopacific Shipbuilding Group has quashed rumours that the company was unable to pay wages to the shipyard workers, and asserted that all due wages were paid to date.

Sinopacific sees three more tough years ahead for bulkers and OSVs

China’s Sinopacific Shipbuilding Group, whose core businesses in bulk carriers and OSVs are presently going through weak market conditions, is bracing itself for a further three tough years.

CIMC Enric makes move to buyout Sinopacific Offshore & Engineering

CIMC Enric Holdings, an affiliate of China International Marine Containers (Group) Co (CIMC), has entered into an agreement to acquire Sinopacific Offshore & Engineering Co (SOE), majority owned by Sinopacific Shipbuilding Group. ...