STX Eyes Sales of $3.17b in 2008

Monday, March 10, 2008 reported that STX Shipbuilding Co, is targeting $3.17b in sales in 2008.

STX Shipbuilding in a regulatory filing said that it expects its operating income to reach KRW 200 billion in 2008 as compared with KRW 94.8 billion in 2007.

STX Shipbuilding in 2007 saw its net profit more than quadruple as it built more high priced ships to carry chemical products and others. Shipyards in , the world’s largest shipbuilding nation, have received record orders in recent years as demand has surged for vessels to transport raw materials to and goods to the rest of the world.


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R-22 Phase-out Presents Dangers and Expense -WSS

The shipping industry is facing price, supply and safety risks in the run-up to the global ban on R-22 (chlorodifluoromethane or HCFC) refrigerant, warns Wilhelmsen Ships Service,

U.S. Ups Philippines Aid as South China Sea Turmoil Builds

The United States has raised its military aid to the Philippines this year to $79 million, the U.S. ambassador said on Wednesday, as tension rises in the region

Asia Fuel Oil-Cracks, Spreads Tight; Bunker Prices Climb

Asia's fuel oil crack for benchmark 180-centistroke rebounded to a discount of $6.79 a barrel on Wednesday, gaining as bunker prices firmed on the possibility of

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