STX Pan Ocean awards US$50m contract for 2 container vessels to Chinese shipyard

Mainboard-listed STX Pan Ocean said it has awarded a contract to a Chinese shipyard to build two container ships for about US$50 million or some S$70 million. But in its stock exchange filing, STX did not name the shipyard involved. STX said the contract is not expected to have a material impact on its earnings for the current financial year ending December 31.
STX last announced a new shipbuilding contract on June 1, worth at least US$40 million or S$56.6 million