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.
Navig8 Chemical Tankers Inc. announced that it has cancelled contracts to construct five IMO2 49,000 DWT Interline-coated medium range tankers at STX Offshore & Shipbuilding Co., Ltd. which were to be delivered during 2017. Contracts ordering the cancelled vessels were previously announced on October 21, 2015 and December 3, 2015. All pre-delivery instalments previously paid to STX with respect to the cancelled vessels have been refunded to Navig8 Chemical Tankers together with
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 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)
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.
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 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)
Navig8 Chemical Tankers Inc (the “Company”) (N-OTC: CHEMS), an international shipping company focused on the transportation of chemicals, today announced that it has taken delivery of the Navig8 Topaz, a 49,000 DWT IMO2 Interline-coated chemical tanker, from STX Offshore & Shipbuilding Co., Ltd. (“STX”). The Navig8 Topaz is the second STX vessel to be delivered under the sale and leaseback arrangements entered into with Ocean Yield ASA (“Ocean
STX Offshore & Shipbuilding has got the green light to carry on operations. A Seoul court today approved its rehabilitation plan, saving the yard, once the world’s fourth largest, from liquidation, reports Yonhap. STX Shipbuilding, once South Korea's No. 4 shipbuilder, has been placed under court receivership since June, amid a protracted slump in the shipbuilding industry. The Seoul Central District Court approved its revival plan
Navig8 Chemical Tankers Inc. today announced that it has taken delivery of the Navig8 Tanzanite, a 49,000 DWT IMO2 Interline-coated chemical tanker, from STX Offshore & Shipbuilding Co., Ltd. (“STX”), the final 49,000 DWT IMO2 Interline-Coated vessel from the Company’s
Four parties have expressed interest in buying one or both of South Korea's STX Offshore & Shipbuilding Co Ltd and a controlling stake in STX France SA, a spokesman for the Seoul court overseeing STX Offshore's receivership said on Friday.
Italian shipbuilding giant Fincantieri SpA and Dutch counterpart Damen Shipyards Group are in the running to buy STX France, which has been put on the block by Korean debt-ridden parent STX Offshore & Shipbuilding Co, reports WSJ.
To stay above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ. The country's fourth largest shipyard filed for receivership in May
STX Offshore & Shipbuilding may be put under a court-led restructuring scheme, paving the way for the shipyard to avert liquidation, says a report in Korea Times quoting local court. Last month, STX Shipbuilding, once Korea's No
South Korea's STX Offshore & Shipbuilding Co. has filed for receivership, following massive losses that have mounted up over the past two years, says a report in the WSJ. According to multiple sources from the shipbuilding industry
South Korean shipbuilder STX Offshore & Shipbuilding Co Ltd will likely need to enter court-supervised receivership due to financial difficulties, the firm's lead creditor Korea Development Bank said on Wednesday. STX Offshore's creditors took control of the company in 2013 after the
Navig8 Chemical Tankers has signed sale and leaseback agreements with China's Bank of Communications Financial Leasing (BCFL) for a quartet of medium range tankers. The for four 49,000 DWT Interline coated medium range tankers being built at STX Offshore & Shipbuilding Co
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a Newbuilding Medium Range Product Tanker “Jag Punit” of about 49,700 dwt. The company had contracted to buy the ship in December 2012. The vessel is built at STX Offshore & Shipbuilding Co. Ltd., Jinhae, Korea
Navig8 Product Tankers Inc., an international shipping company focused on the transportation of petroleum products, today announced that it has taken delivery of the Navig8 Experience, a 74,000 DWT LR1 tanker from STX Offshore & Shipbuilding Co., Ltd
Navig8 Product Tankers Inc., today announced that it has taken delivery of two further product tankers from its newbuilding program – the Navig8 Symphony, a 110,000 DWT LR2 tanker from Sungdong Shipbuilding & Marine Engineering Co., Ltd
Navig8 Product Tankers Inc., an international shipping company focused on the transportation of petroleum products, has taken delivery of one LR1 74,000 DWT product tanker, the Navig8 Expedite, from STX Offshore & Shipbuilding Co, Ltd.
Navig8 Product Tankers Inc today took delivery of one LR2 115k-dwt product tanker m.t. "NAVIG8 STABILITY" from Sungdong Shipbuilding & Marine Engineering Co, Ltd. The Company has also today taken delivery of one LR1 74k-dwt product tanker m.t
Creditors of financially troubled STX Offshore & Shipbuilding are opposing financial aid for the shipyard citing the gloomy outlook of the shipbuilding industry, Korea’s Yonhap News has reported. Creditors of STX Offshore, led by the state-run Korea Development Bank (KDB)
Rotterdam is introducing an additional incentive to bunker LNG, liquefied natural gas. The Port of Rotterdam Authority has reserved a total of EUR 1.5 million for this incentive. The scheme will apply until 2020. Up until this time