Sinopacific Shipbuilding heads to Europe to calm owners' fears

Private Chinese yard Sinopacific Shipbuilding is in Hamburg this week holding talks with clients to assure them it can deliver ships on order, the Financial Times reports.

The Shanghai-based company, which employs more than 10,000 people, called the meeting in response to industry speculation, possibly fuelled by some of its suppliers, that it might not survive the ongoing liquidity squeeze and slowdown in the shipping sector.

Source: http://www.seatradeasia-online.com