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Stx Offshore

STX OSV to Go Public in Singapore

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)


Sungdong Shipbuilding Hikes Targets

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  


Korea Shipbuilders Win Orders Worth $1B

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


STX Wins Ship Bids to Total $250M

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)


GE Shipping Takes Delivery of Jag Aditi

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 Order 13 New Tankships

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 in Deal for Naval Test Ship

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.


Farstad Orders Unique Wave-Piercing Offshore Vessel

UT web.jpg

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 to Cooperate with Korea Gas Corporation

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


Gas Carrier SCF Mitre Launched

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 Takes Delivery of Dual-Fuel Power

Sovcomflot’s Velikiy Novgorod LNG carrier

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


STX Offshore Wins $388M Order for 8 Tankers

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


A New Phase for LNG Carriers Training

Velikiy Novgorod (Photo: RS)

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


Diesel-Electric Propulsion for Offshore

Photo courtesy of Eastern Shipbuilding

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


Cruise Ship Floated at STX Turku Shipyard

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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 Delivers PSV to Brazil’s Bravante Group

Bravante V (Photo: Eastern Shipbuilding)

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


OSX Korea Shipyard to Build 5 Peru Navy Patrol Boats

Image courtesy STX

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 Wins $120m in Offshore Contracts

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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


Korea's STX Offshore Debt to Equity Swap Hastened

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 Records First Bunkering Order

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)


China Arbitration Court Orders Korea's STX to Pay Debt

STX logo

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.


Brazil's GranEnergia Receive Unusual DP-3 Accommodation Vessel

CSS Olympia: Image courtesy of STXM

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


CSS Olympia Delivered

CSS Olympia

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 Deliver 'HOS Riverbend'

HOS Riverbend: Photo courtesy of ESG

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


STX Offshore & Shipbuilding to Get Increased Bale-Out

Shipyard photo credit STX

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


 
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