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New orders for STX Offshore & Shipbuilding

New orders for STX Offshore & Shipbuilding

Seoul: South Korea's STX Offshore & Shipbuilding has announced a $34m order from the Agency for Defense Development for a next generation naval test ship (graphic pictured). The vessel, which is designed to weigh 1,200 tons and accommodate about 30 people is scheduled for delivery in May 2012.

"Despite severe market conditions, good results were achieved thanks to diversified analysis on customer demands and strategic sales activities," Do Jong-chil, director of STX O&S Specialised Ship Division, said of the naval vessel order. "We plan to enhance our capability in building specialized vessels through technical cooperation with STX Europe, and a number of inquiries on export in the defence industry, which is beneficial to development of the nation, are coming in from abroad," he added.

'Amid of declining orders in the market, STX continuously delivers good news of new orders of vessels for special purposes,' the company said in a statement.

This latest order is reported to have come on the heels of another order for the construction of eight tankers for an unnamed European company, with the option for a further four vessels.  [15/06/09]