South Korea’s STX Offshore & Shipbuilding said that it had won a 424.8 billion won ($393.9 million) ship order from an unidentified European company.STX said in a regulatory filing that the deal to deliver two LNG carriers would expire May 15, 2014.
STX Corporation is a South Korean holding company engaged in the provision of trading services. Headquartered in Gyeongsangnamdo, South Korea, the company operates its business through two divisions: trade and ship maintenance. Its trade business division provides shipping and energy materials, coal, oil, steel and others. Its ship maintenance business offers cargo management, marine technical, insurance, crew management and other related services.
The company had four local subsidiaries including STX Offshore & Shipbuilding, STX Engine, STX Heavy Industries, STX PanOcean and STX Energy. STX Offshore & Shipbuilding is the world’s fourth largest shipbuilder.