Focus on Middle
STX Offshore and Shipbuilding announced on March 19 that it won an additional contract for two LR1 tankers, medium and large ships carrying petrochemical products, with the Singaporean shipper.
The contract is an additional order by BW Pacific Limited of Singapore, which ordered four other LR1 tankers in December last year. The total of six tankers amounts to 320 billion won (US$285.71 million). The tankers will be delivered in consecutive order from next year to three years from now.
STX Offshore and Shipbuilding reorganized the business structure to focus on medium-sized vessels after signing a self-control agreement with creditors last year. Accordingly, the company won contracts to supply a total of 7 LR1 tankers and LNG bunkering shuttles last year.
The company also won a contract for LR1 tankers with a shipbuilder in Hong Kong this year. An LR1 tanker is classified as medium and large-sized vessel, whose dead weight tonnage (DWT) reaches over 45,000 and below 80,000 tons.