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)
Salaries of the 500 employees are secured by insolvency money; discussions planned with clients for shipbuilding projects already underway.
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For the first time ever, Military Sealift Command is hosting a virtual job fair to reach US Citizens in the Philippines who are interested in a maritime career.
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