STX Shipbuilding Co. , the world's fifth-largest shipyard, said today that it has won a 121-billion won (US$105 million) deal to build two product tankers.
The deal with a European shipping company calls on STX Shipbuilding to deliver the vessels by May, 2011, the company said in a regulatory filing. The South Korean shipyard did not identify the buyer.
Shares of STX Shipbuilding were trading at 23,000 won on the Seoul bourse as of 1:40 p.m., up 2.68 per cent.
The deal with a European shipping company calls on STX Shipbuilding to deliver the vessels by May, 2011, the company said in a regulatory filing. The South Korean shipyard did not identify the buyer.
Shares of STX Shipbuilding were trading at 23,000 won on the Seoul bourse as of 1:40 p.m., up 2.68 per cent.