Sinopacific Confirms Huge CROWN63 Order

Sinopacific Shipbuilding Group has concluded the agreement for the construction of 6+2 ‘CROWN63’ bulkers. This is the largest single order for the company in 2013.

This is the first new building order since 2008 inked by the Greek ship-owner TIMES Navigation, which has been a prudent player in the shipping market.

The vessels will be built by Dayang Shipbuilding Ltd., a shipbuilding base of SINOPACIFIC and deliveries will commence in April 2016.

Including this order, SINOPACIFIC has secured the orders for over 60 ‘CROWN63’ bulkers this year. According to statistics by October 2013, ‘CROWN63’ bulkers on order together with the fleet under operation, the total number ranks No.1 in the world’s Ultramax bulker market.

The R&D work of ‘CROWN63’ started in late 2009 and this cutting-edge ship type marked a significant progress for Ultramax bulker. Till now, CROWN63 still maintains its leadership with outstanding particulars, specifically the daily fuel consumption at a high level as 25.8 tons, which is actually the biggest temptation to owners and has explained why ‘CROWN63’ won so huge orders for SINOPACIFIC.

The lead ship of ‘CROWN63’ bulker was commenced in March 2011 and delivered in February 2012. It was successfully qualified with EEDI (Energy Efficiency Design Index) by Bureau Veritas (BV), which is also the first EEDI certification BV issued in the world.

Up to date, 30 vessels of CROWN63 bulker that have been delivered are in stable and reliable operation and win high customer satisfaction.

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Press Release, December 19, 2013