STX European unit bags big deal

Home > Business > Industry

print dictionary print

STX European unit bags big deal

STX OSV Holdings Ltd., a European unit of Korean shipbuilding conglomerate STX Group, has won a 200 billion won ($179 million) deal to build four platform supply vessels, the group said yesterday. Under the deal with Island Offshore of Ireland, STX OSV will deliver the vessels starting from the third quarter of 2013, it said.

The vessels, each 84.3 meters long and 17 meters wide, will be used to transport goods and equipment to and from offshore facilities, it said.

STX OSV, with its focus on specialized ships, started trading its shares on the Singapore Exchange on Nov. 12 of last year.

The Island Offshore Group is a leading provider of services to the offshore industry managing a fleet of 20 high-quality vessels currently operating in Brazil, Mexico and the U.S.

STX OSV has delivered more than 25 vessels to Island Offshore over the past 10 years.

More in Industry


Big business recoils at new legal legislation

Hyundai Mobis has developed a hydrogen-powered forklift

Asiana adapts passenger plane to carry more cargo

Eastar Jet CEO threatens to sue pilot union for libel

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now