It entered the newbuilding sector in early 2007, securing orders for two 6,700-car-equivalent-unit pure car/truck carriers (PCTCs) from Norway’s Dyvi.

It managed to deliver one of the vessels to the Norwegian owner but the other ship was cancelled after being holed by rocks during sea trials and sank.

SSI chairman Xu Caizhong claims Samjin is the first foreign-owned shipyard in China to receive a permit to construct a full vessel.

“There