South Korean shipbuilder STX Offshore & Shipbuilding (STX O&S) has won an order for up to eight LR1 tankers with a total value of $ 375 million. The contract provides for the construction of four oil tankers of 74,000 tons plus the ability to build four additional ships. Under the contract, the ships should be delivered in 2016. The name of the shipowner is not disclosed, but according to the officials the LR1 product carriers will be chartered to Royal Dutch Shell on a long-term basis. The additional specifications of the ships were not mentioned. STX Offshore & Shipbuilding received orders for 21 product tankers since the first half of 2014, out of 36 orders placed on global scale, making it the majority holder of the overall market share in this segment. The company is the world’s fourth largest shipbuilder, owning STX Europe. STX Offshore & Shipbuilding has built about 700 ships over the last 40 years in Busan and Jinhae shipyard.
STX Offshore and Specialized Vessels is expected to launch an initial public offering in Singapore soon, according to a report on http://english.chosun.com. According to the report, STX OSV plans to debut there on Nov. 11. (Source: http://english.chosun.com)
According to a Jan. 12 report from The Chosum Ilbo, Korean shipbuilders won new orders worth over $1b in the first 10 days of the new year, in a complete reversal of the situation last year. STX Offshore & Shipbuilding and Hanjin Heavy Industries delivered the good news on Jan. 11, and Daewoo Shipbuilding & Marine Engineering and Sungdong Shipbuilding & Marine Engineering won new orders earlier. Industry insiders said an overseas marketing drive in the second half of last year
According to an April 19 report from JoongAng Daily, STX Offshore & Shipbuilding Co., Korea’s fourth-largest shipbuilder, said it has won deals this month to deliver a total of four ships for a combined $250m. (Source: JoongAng Daily)
According to a report from SteelGuru, Great Eastern Shipping company has announced that the company took delivery of its new building Kamsarmax dry bulk carrier Jag Aditi. The vessel of about 80,700 DWT was built at STX Offshore & Shipbuilding Company Koreo. (Source: SteelGuru)
According to a report from SteelGuru, amid its recent entrance into the offshore sector, Sungdong Shipbuilding & Marine Engineering has hiked its annual order target from $3.53b to $5b, the same target as STX Offshore & Shipbuilding. Source: SteelGuru
STX Offshore & Shipbuilding received an order for a next generation naval test ship from Agency for Defense Development (ADD). The ship will support marine weapon system tests and conducts environmental surveys on the test sea area. The vessel, worth around $359m, weighs 1,200 tons and is able to accommodate about 30 people. The ship, with 4,000 nautical miles, is scheduled to be delivered to ADD in May 2012.
Rolls-Royce received from Farstad Shipping the first order for its new wave-piercing offshore vessel. The bow design will reportedly enable the vessel to pierce through waves in extreme weather conditions, while maintaining constant speed, reducing fuel consumption and enhancing safety. The contract, worth in excess of &19.1 to Rolls-Royce, includes vessel design and a comprehensive integrated power and propulsion system and equipment package for an advanced platform supply vessel (PSV)
BP Plc confirms an order for 13 of the vessels, 2012’s largest tankship shipbuilding order. According to information obtained by Bloomberg the order, placed with Changwon, South Korea's STX Offshore & Shipbuilding Company, includes three Suezmax ships, each able to hold 1 million barrels of crude, and 10 smaller Aframaxes. BP Shipping Ltd., based in Sunbury-on-Thames, England, manages a fleet of more than 50 vessels that carry crude, oil products and liquefied natural gas.
DNV and Korea Gas Corporation (KOGAS), Korea’s national gas company, has entered into an agreement to cooperate on a feasibility study on the establishment of an LNG bunkering infrastructure in Korea. This is one of the largest and most comprehensive feasibility studies ever initiated in the worldwide LNG bunkering industry. Based on this agreement, DNV will qualitatively and quantitatively study the feasibility of implementing LNG bunkering in ports in the south-eastern area
A specialized LNG Bunker vessel to be built at the STX Offshore & Shipbuilding Company yard in South Korea on behalf of Shell will be powered by Wärtsilä DF dual-fuel engines. The ship will be used to deliver gas to LNG (Liquefied Natural Gas) fuelled vessels in Northwest
Gail India Ltd has scrapped a tender that would have led to the construction of three massive liquefied natural gas (LNG) carriers at Indian shipyards. After postponing tender deadline thrice and also one year later, state-owned gas utility GAIL India Ltd has not found any
A naming ceremony was held on April 9, 2015 in South Korea for SCF Mitre, the fourth vessel in a series of state-of-the-art Atlanticmax-type LNG carriers built for Sovcomflot (SCF Group). The vessel, as with her sistership SCF Melampus that joined SCF Group’s fleet in January 2015
A good order book and need for higher capacity in the dock were the basis for STX France to purchase more welding automation for its shipyard’s panel welding. STX France decided to turn to Pemamek after a competitive offering round
Germany's closely held Meyer Werft and the Finnish government are nearing a deal to buy the Turku shipyard in southwestern Finland from STX Europe , the Finnish economy ministry said on Monday. STX Europe belongs to Korean STX. The Turku shipyard specialises in building cruise ships and has
Six affiliated companies of STX Dalian Shipbuilding, China's largest wholly foreign-funded shipbuilding company, are to start bankruptcy reorganization procedures, reports Xinhua, citing a court statement in Dalian City in northeast China's Liaoning Province.
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, has acquired STX Canada Marine Inc., a leading marine engineering and design company with more than 30 years history in North America, for approx
German cruise ship builder strengthens its yards. MEYER WERFT joins forces with the STX Finland shipyard in Turku. Following weeks of negotiations the Finnish Government and MEYER WERFT signed a share purchase agreement with the current owner STX Europe
Despite some media reports of more significant ordering, there is only one firm shipbuilding order to report in the drybulk sector, according to the latest Clarkson Hellas S&P Weekly Bulletin, as follows: Dry bulk carriers COSCO Zhoushan have announced a contract for two 64
Uptime International says it has entered into contracts with MAC Offshore Dubai and Fujian Mawei Shipyard China for delivery of three active motion compensated gangways. The first of these three gangways will be mounted early 2015 on their third Compact Semi Sub (CSS) maintenance vessel
On August 25, 2014, the naming ceremony for the Pskov high-tech liquefied natural gas (LNG) carrier was held at the South Korean shipyard STX Offshore & Shipbuilding. The ceremony was attended by Aleksander Medvedev, Deputy Chairman of the Gazprom Management Committee, Evgeniy Ambrosov
Global Energy Giant BP Confirms Severn Trent De Nora’s BALPURE Ballast Water Management Systems as its Preferred Solution with Large Contract Win Contract calls for 14 BALPURE systems to be installed aboard BP crude oil tankers being constructed by one of the world’s largest
Russia’s largest shipping company is continuing to develop its potential in the LNG transportation segment by entering into a new long-term agreement with Royal Dutch Shell. On December 16, a naming ceremony was held for the LNG carrier SCF Melampus
Arctech Helsinki Shipyard is now 100 percent Russian-owned as United Shipbuilding Corporation bought the remaining half of the company’s shares from STX Finland Oy. Arctech Helsinki Shipyard Inc. was founded in December 2010 as United Shipbuilding Corporation bought the first 50
The state-owned gas utility GAIL (India) has postponed the tender date for its $7.6 billion newly built LNG ships for the third time as it did find any takers. The state-owned gas utility GAIL has for the third time postponed the last date of bidding