Korea: STX tops newbuild orders in 2009

STX Offshore & Shipbuilding it tipped to come up the top among South Korean shipbuilders in terms of the number of new orders in 2009. In 2008, STX came in second after Hyundai Heavy Industries. In 2009, STX received 23 vessel orders, worth a total of US$2.3 billion. The orderbook includes contracts for eight 400,000DWT VLOCs, ordered by sister company, STX Pan Ocean. The company has a further four vessel options, which are not included in the newbuild order book.