S.Korea's STX wins lucrative shipbuilding order

South Korea's STX Offshore and Shipbuilding said Tuesday it had won a 1.4 billion dollar order to build large cargo ships for an European shipper. The company said it would deliver 10 ships from the second quarter of 2013, without naming the buyer at its request. STX said each ship, which are 365 metres long and 48 metres wide, would be built in the southern port city of Jinhae.
"As the global shipbuilding industry is showing signs of recovery in the last half of this year, shippers' orders are reviving in earnest," it said in a statement.