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STX moves into VLOC sector

STX moves into VLOC sector

Seoul: South Korean builder STX Shipbuilding on March 20 announced the receipt of an order for the construction of its first two 320,000-dwt very large ore carriers. U.K.-based Zodiac Maritime is thought to have placed the orders. To be delivered by December 2011, the ships are priced at $125 million apiece. STX has now become the seventh builder in the world to construct VLOCs of more than 300,000 dwt. [25/03/08]

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