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S.Korea STX Offshore wins $340 mln tanker orders

Sun Jun 14, 2009 8:59pm EDT

Stocks

   

SEOUL, June 15 (Reuters) - STX Offshore & Shipbuilding (067250.KS), a South Korean shipbuilder, said on Monday it had won $340 million in orders to build tankers for an unidentified European company.

South Korea

The total value is for eight tankers, including optional orders for four tankers, STX said in a statement.

The orders mark a signal that the stagnant shipbuilding market, which has seen new orders drying up since late last year, might be heading for a recovery, STX added. (Reporting by Rhee So-eui; Editing by Jonathan Hopfner)

South Korea


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