S. Korea's shipbuilder wins orders worth 260 mln USD

South Korea's fourth largest shipyard, STX Offshore & Shipbuilding Co., has won nine bulk carrier orders totaling 260 million U.S. dollars in March alone, suggesting the shipbuilding industry's escape from recession, the company said Monday. The company said it has won an order from Turkey's Densa AS to build two bulk carriers, and a separate order from a local shipping firm to build three bulk carriers, in addition to an order to build four bulk carriers from a Chinese firm.
STX Offshore so far this year has won orders to build a total of 17 ships amounting to 1.31 billion U.S. dollars, the shipyard added.
"The STX has brought a positive impact to the shipbuilding industry that was severely hit by the global recession last year," the company said in a statement.
STX Offshore and Shipbuilding Co., a subsidiary of the STX Group from South Korea, has opened the world's largest shipyard in terms of physical area last year at Changxing Island in Dalian, a coastal city in northeast China.