ID :
30015
Thu, 11/13/2008 - 13:25
Auther :

STX Shipbuilding wins 209 bln won deal for oil tanker

SEOUL, Nov. 13 (Yonhap) -- STX Shipbuilding Co., a South Korean shipyard, said Thursday that it has signed a deal worth 209 billion won (U$151 million) to build an oil tanker for a European shipping company.

The deal calls on STX Shipbuilding to deliver the so-called Very Large Crude
Carrier by November, 2011, the shipyard said in a regulatory filing, without
identifying the buyer.
Shares of STX Shipbuilding were trading at 12,850 won on the Seoul bourse as of
1:40 p.m., down 8.54 percent.
The deal came amid concerns that future orders for new ships would fall sharply
due to the global economic slump.
sam@yna.co.kr
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