STX Bags Orders for Six Tankers
South Korea’s STX Offshore & Shipbuilding won contracts to build six tankers from Greece and local shippers, reports Korea JoongAng Daily.
STX announced that Greek shipper OceanGold Tankers placed an order for four medium-range tankers of 50,000 DWT capacity. Two were order on an option contract, which gives the buyer a right to pay for the ship at a pre-determined price in case ship prices rise. The deal was worth $140 million in total.
According to STX, the ships will be constructed in its Jinhae shipyard in Changwon, South Gyeongsan, and delivered by the first quarter of 2019.
Two days ago, STX announced orders for two 11,200 DWT tankers - one an option contract - that move oil and chemical products from a local company, Woolim Shipping. The company did not specify the value of the order.
OceanGold Tankers has already bought two MR2 newbuilds from the shipbuilder in a en-block transaction dated June 21, paying USD 64 million for the units, also slated for completion in 2019, data from VesselsValue shows.
On July 3, the Seoul Bankruptcy Court judged STX was ready to run business on its own and ended the reorganization program.