Order intake improving at STX

In addition, the Korean shipbuilder has signed a contract for a Kamsarmax bulk carrier with a Greek shipowner. STX has also been successful in securing an order for two 24,000 dwt special purpose vessels (SPV) from shipowners in Asia. The SPV, which can be used for carrying a wide range of cargo, has a high level of efficiency compared to vessels that only carry one type of cargo.

“In 2010, we not only won orders of 19 vessels worth $710 million, including the performance of our production base in Dalian, China, but also secured the first order of the special purpose vessel,” said an official from STX Offshore & Shipbuilding. The official went on to say that the company will enhance its marketing activities in preparation for the shipbuilding market`s rebound in the near future as the market is showing signs of recovery.