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 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
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)
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.
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)
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
The launching ceremony of the final ship in a series of four LNG carriers built at STX Offshore and Shipbuilding Co., Ltd. was held in South Korea on February 11, 2014. The LNG carrier SCF Mitre will be assigned the RS class notation: KM Ice2 AUT1 OMBO EPP ANTI-ICE LI CCO ECO-S WINTERIZATION(-30) Gas carrier type 2G (methane). The ultramodern Atlanticmax gas carriers with membrane cargo tanks of 170 000 cu m capacity are provided with equipment suitable for operating in low temperature
Sovcomflot, Russia’s largest shipping company, has taken delivery of its latest LNG carrier, the Velikiy Novgorod, from South Korea’s STX Offshore & Shipbuilding. The ship is equipped with a diesel-electric, dual-fuel propulsion system consisting of 2 × MAN 8L51/60DF and 2
Reuters - South Korea's STX Offshore & Shipbuilding Co Ltd said on Monday it won a 413.8-billion won ($387.63 million) order to build eight tankers from from Navig8 Product Tankers Inc. The South Korean shipbuilder said in a statement the contract includes an option for four more tankers
RS has carried out a new phase of surveyors training on classification services for LNG carriers. The first phase (2008-2010) was carried out by RS in cooperation with American Bureau of Shipping (ABS) and included a theoretical course for surveyors according to joint program and a
Images of the Bravante courtesy of Eastern Shipbuilding, the genet on truck is courtesy of Cummins Mid-South Long reserved for specialized applications such as icebreakers, diesel electric has enjoyed a rapid growth for marine propulsion in the past decade
The float-out of Mein Schiff 3, an environmentally friendly cruise ship being built for TUI Cruises, was performed at STX Turku Shipyard on Friday, November 8, 2013. At the press conference held at STX Finland Oy’s Turku Shipyard earlier the same day, Richard J
Eastern Shipbuilding Group, Inc. announced the delivery of the M/V Bravante V (Hull 155) on Friday November 29, 2013, to Boldini S.A., Bravante Group of Brazil. The Bravante V is the first STX SV290 design of five vessels in a series which are all ABS, SOLAS, DPS-2, AC Diesel-Electric powered
STX Offshore & Shipbuilding Co. has signed a deal with the defense ministry of Peru to build five patrol ships for 75 billion won (US$71.3 million) reports Yonhap News. Citing the shipbuilders, Yonhap adds that STX will deliver the ships by the end of 2015, and that in March 2012
Keppel Offshore & Marine Ltd's (Keppel O&M) subsidiaries Keppel Shipyard Ltd (Keppel Shipyard) and Keppel Nantong Shipyard Co. Ltd (Keppel Nantong) won five contracts worth about $120m in total. "We are glad to have the support of repeat and new customers for a range of offshore
STX Offshore & Shipbuilding Co. will issue new shares worth 38.4 billion won (US$36.5 million) as part of its debt-to-equity swap scheme. The shipbuilder will float 15.37 million shares, which will be listed on the main Seoul bourse on Jan. 9, 2014, reports Yonhap News Agency.
GTT technology has been chosen by STX France to equip PEGASIS, the new environmental vessel ordered by Brittany Ferries. GTT membrane technology has been selected by STX France to fit out PEGASIS (Power Efficient GAS Innovative Ship)
Troubled South Korea shipbuilder STX Heavy Industries Co. issued a guarantee on a loan defaulted on by its Chinese heavy machinery manufacturer, STX Dalian Heavy Industries Co., from China's Bank of Communications and has been ordered to repay the loan, reports Yonhap.
STX Marine (STXM), which split off from the STX Corporation in 2011, say they partnered with CSS Designs Ltd. for 5 years to develop the ground breaking Compact Semi-Submersible (CSS) design of the 'Olympia' which they believe will change the long term landscape of the offshore vessel market
STX Marine (STXM) announced that Gran Energia took delivery of the Compact Semi-Submersible (CSS) Olympia from MAC Offshore. STXM and partners in CSS Designs Ltd. developed the CSS design over the past five years, and said this delivery, will change the long term landscape of the Offshore
Eastern Shipbuilding Group, Inc. says it has delivered the M/V HOS RIVERBEND (Hull 204), their fourth and final vessel in the HOSMAX 300 series, to Hornbeck Offshore Services, LLC, ahead of schedule. Each vessel is Diesel-Electric powered, twin Z-drive propelled OSV’s
Creditors have decided to provide additional liquidity to the shipbuilding unit of ailing STX Group in a move to help it overcome a cash crunch, reports Yonhap News Agency. Citing officials at the main creditors, Korea Development Bank