Shipbuilding Sees Possible Turning Point

Friday, June 19, 2009

According to a June 19 report from The Chosun Ilbo, STX Offshore & Shipbuilding announced it had won $340m in orders to eight build tankers for an unidentified European company. This includes an option for an additional four depending on progress. This is seen as a possible turning point in a stagnant shipbuilding market where new orders have been drying up since late last year.

(Source: The Chosun Ilbo)

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