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STX Offshore wins orders for 12 ships from Oceanian companies

STX Offshore & Shipbuilding Co. won deals to build 12 ships for Oceanian companies, consisting of four 115,000-ton oil tankers, six 50,000-ton petrochemical carriers (PCs), and two 10,000-ton PCs.

The deal for four oil tankers includes an option to build two additional oil tankers.

The midsized shipyard did not reveal the value of the deals due to confidentiality clauses.

The ships will be built in STX’s shipyard in Jinhae, with delivery dates between the fourth quarter of 2022 and the end of 2023.

The latest order brings STX’s order backlogs to 28 ships.

STX’s creditors have been pushing for its sale to a local consortium comprising local bad debt clearer United Asset Management Co. and private equity fund KH Investment.

If the deal to sell pushes through, STX will be renamed K Shipbuilding.
Source: EconoTimes

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