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2009 March 25   11:38

STX yet to decide on Russian shipyard project

South Korea’s STX Group told Lloyd’s List that news reports of its involvement in a $1bn shipyard project in Russia’s Far East are premature.
News reports had said that STX would participate in a shipyard project in Primorsk which is being led by Russian investment firm Summa Capital.
The shipyard will be capable of building ships up to 250,000 dwt with tankers, gas carriers and offshore structures targeted for state-run energy companies Gazprom and Rosneft.
Summa Capital is alleged to have first contacted European shipbuilder Aker Yards. When STX took over the company last year the offer still stood. But a spokesperson for STX Group said on Wednesday: “It is true that Summa Capital has made contact with STX, and we might consider some proposals like technical support for the building of a shipbuilding plant. But we have received no details of the project such as the size of shipyard or types of ships which will be built. No agreement between two companies has been made so far.”

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