Marine Link
Thursday, October 27, 2016

STX Aims for $15.2B in Sales

January 19, 2006

STX Group, one of the nation's rapidly growing conglomerates, aims to achieve $15.2 billion in total annual sales by 2010, according to The group announced it is on track to achieve its 2010 objectives of earning $5 billion each in its three main business areas - energy, shipbuilding/machinery and shipping/logistics. In 2004, STX earned $400 million from energy, $2 billion from shipbuilding and $2.5 million from shipping, realizing a total of $4.9 billion in sales. In 2005, the company posted better results by earning $700 million from energy, $2.9 billion from shipbuilding and $2.8 billion from shipping, thus achieving $6.4 billion in total sales. STX projects its consolidated sales to reach as much as $8.2 billion this year - specifically $900 million from energy, $3.7 billion from shipbuilding and $3.5 billion from overseas shipping. (Source:

Maritime Reporter Magazine Cover Oct 2016 - Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News