STX bags $238.2m SCI bulker order

Delhi: Shipping Corporation of India is to sign a contract with South Korea's STX shipyard this morning for the construction of four kamsarmax bulk carriers. The vessels, costing $59.55m each, are due for delivery in 2012.

The new vessels bring the SCI orderbook to 32 vessels of 2.7m gt, worth a estimated $1.8bn:  two VLCCs, 10 product tankers, six handymaxes, two 4,400teu containerships and four aframaxes, four AHTS respectively and the four kamsarmax vessels.  [13/08/08]