STX Gets First Order for LNG Tanker

Wednesday, February 21, 2007
STX Shipbuilding Co., received its first order to build a liquefied natural gas tanker. The shares climbed to a record. Spain's Empresa Naviera Elcano SA agreed to buy the vessel for $225m, with an option to purchase three more LNG tankers, which may increase the value of the contract to $1 billion, the Jinhae, South Korea-based company said in a regulatory filing yesterday.

Hyundai Heavy Industries Co. and other South Korean yards took almost half of last year's orders in the $100 billion global ship industry, as demand for fuel and global trade encouraged shipping companies to expand their fleet. STX Shipbuilding said it will focus on more expensive vessels that carry energy products including oil and liquefied natural gas. (Sourc: Bloomberg)

Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Teekay LNG Partners Declare Distribution

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended September 30, 2015. The

TMS Cardiff Gas Orders First LPG Carriers

TMS Cardiff Gas Ltd. has signed a contract with Hyundai Heavy Industries of Korea for the construction of two 78,700 cbm LPG carriers with the option to build another two.

Odfjell's Tanker Overhaul Seeks to Slash Emissions by 20%

Norwegian tanker shipper Odfjell announced it is upgrading the propulsion systems aboard 19 of its chemical tanker vessels in a move that aims to reduce its fuel

Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Salvage Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1026 sec (10 req/sec)