STX Offshore & Shipbuilding extended contract for two 181,000 dwt bulkers and three 76,000 dwt bulkers, according to its regulatory filing on December 31, 2013.

The contract for five newbuildings will be end by April 30, 2014. Previously the deadline for the contract was December 31, 2013.
The contract was awarded by European owner on April 8, 2011, which worth KRW 308.4bn ($295.2m).

Meanwhile, the Korean shipbuilder also made an announcement on the same day that the Korea Development Bank (KDB) acquired its 4,164,368 shares, through a capital increase by debt-equity swap. Therefore, KDB's share proportion of STX have grown to 20.17%.