STX Shipbuilding becomes fourth biggest shipyard globally

Clarkson Plc said that South Korea's STX Shipbuilding Co is now the world's fourth largest shipyard in terms of order backlog. It had an order backlog of 7.21 million compensated gross tons as of the end of December 2008.
Hyundai Heavy Industries Co had the largest order backlog of 18.84 million compensated gross tons, followed by Daewoo Shipbuilding & Marine Engineering Co with 11.01 million compensated gross tons and Samsung Heavy Industries Co with 10.42 million compensated gross tons.