STX Offshore and Shipbuilding has recently announced that it has signed a formal contract with a North African oil company to build a Floating Storage and Offloading facility (FSOV) worth around KRW480 billion (USD430 million).
The large FSO unit, measuring 324 metres in length and 51 metres in width, has a storage capacity of 1.5 million barrels of crude oil, equating to around 70 per cent of Korea's daily oil consumption.
STX Dalian in China will deliver the FSO by the first half of 2015.
Meanwhile, Korea's STX Group-affiliated shipyards around the world have inked 11 ship orders worth around USD1.0 billionn in September alone, bringing the total order intake so far this year to 89 ships worth USD5.4 billion.
September orders include four 9,200TEU boxships for China's CIMC and three 12,000CBM ethylene/LPG carriers for Unigas.
Source: Asiasis
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