{"id":3719,"date":"2014-03-03T16:47:00","date_gmt":"2014-03-03T16:47:00","guid":{"rendered":"https:\/\/mercator.nfdtesting.uk\/propulsion-and-future-fuels-conference\/2014\/03\/03\/stx-secures-us578m-contract\/"},"modified":"2026-08-26T22:29:07","modified_gmt":"2026-08-26T21:29:07","slug":"stx-secures-us578m-contract","status":"publish","type":"post","link":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/news\/general-news\/stx-secures-us578m-contract\/","title":{"rendered":"STX secures US$578m contract"},"content":{"rendered":"<p>As part of Navig8\u2019s fleet expansion plans, up to 12 LR1 tankers have been ordered, working out at around US$48m per vessel.<\/p>\n<p>Navig8\u2019s contract for the vessels involves a revised design with a wide beam and conventional length overall.<\/p>\n<p>This recent order is crucial work for the restructured shipyard, which entered into the Voluntary Business Normalisation Programme in July 2013 due to financial difficulties and agreed a debt-for-equity swap with its creditors last week.<\/p>\n<p>Navig8 already owns one 2011-built LR1 and operates eight more chartered in from owners including Navios.<\/p>\n<p>The vessels are due for delivery by the end of June 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>STX Offshore and Shipbuilding is to supply eight 74,000 tonne product\/crude oil tankers, with four options for more, as part of a US$578.9m contract with Singapore\u2019s Navig8 Product Tankers.<\/p>\n","protected":false},"author":8,"featured_media":3720,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"sponsor":[],"class_list":["post-3719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts\/3719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/comments?post=3719"}],"version-history":[{"count":1,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts\/3719\/revisions"}],"predecessor-version":[{"id":3721,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/posts\/3719\/revisions\/3721"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/media\/3720"}],"wp:attachment":[{"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/media?parent=3719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/categories?post=3719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/tags?post=3719"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.motorship.com\/propulsion-and-future-fuels-conference\/wp-json\/wp\/v2\/sponsor?post=3719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}