STX gets Contract

Monday, March 11, 2002

STX Shipbuilding successfully concluded a newbuilding deal for 3 units of 45,800DWT Product Oil / Chemical Tankers with Target Marine S.A., Greece on February 22, 2002. The deal includes option ships of maximum 4 additional series ships to be declared by the buyer in due course. The ships - length 183m, breadth 32.2m and depth 19.1m, equipped with engines of MAN B&W 6S50MC, 14.5 knots - are scheduled to be delivered in 2004 respectively.

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