Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

STX chairman on hand for Dalian yard groundbreaking

Dalian: STX Group has begun its construction of a new shipyard in Dalian, China's northernmost seaport.

''We will actively utilize our Chinese shipyard to further boost the competitive edge of the Korean shipbuilding industry,'' said Kang Duk-soo, chairman of STX Group, in a ground-breaking ceremony last Friday, according to the Korea Times.

The chairman added that the company's Dalian shipyard will target $3 billion in sales by 2012 to become one of the top-tier shipbuilding industrial groups in the world.

STX Group said that its Dalian unit has already won $1.1 billion in overseas orders to build 21 bulk carriers and four car carriers. It will start building them in the latter half of 2009. [02/04/07]

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish