At Zhonghua Shipyard, Shanghai - 4 Multi-Purpose vessels for Genchart
	Originally this series of vessels was being built at the Royal Schelde Shipyard in Holland, time constraints dictated that some vessels be subcontracted and the choice was Zhonghua Shipyard. The yard�s ability to compete and win these orders is no doubt vastly improved by the improvements made borne of the experience gained working together with Graig since 1995. We are doubly pleased that a major European shipowner effectively endorse our own standards in choosing Graig to handle the new building supervision of their vessels. Involvement Plan approval Building Supervision Project status On schedule.The first two Genchart vessels were delivered in March and July 2000 with the third vessel due for delivery on 28 November 2000 and the fourth in August 2001.