Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
3
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Disney+ offers sneak peek at 2025 lineup of Korean originals
-
7
South Korean military plans to launch new division for future warfare
-
8
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
9
Teen smoking, drinking decline, while mental health, dietary habits worsen
-
10
Kia EV9 GT marks world debut at LA Motor Show
STX Corp. announced Monday that it signed a memorandum of understanding on building a shipyard for Russia’s state-run shipbuilder United Shipbuilding Corp. at the international economic forum held in St. Petersburg on Friday.
Under the agreement, STX, which counts construction and shipbuilders among its subsidiaries, will undertake the $1 billion project to build a shipyard in St. Petersburg.
The company said that when the contract regarding the content of the MOU is signed, STX will carry out the project on a turn-key basis, and that the market for such projects is likely to expand rapidly.
According to STX, resource-rich countries including Russia and the United Arab Emirates are reviewing plans to build shipyards, but related projects have been slow in taking off due to their lacking technology and experience in building and running shipyards.
Along with the MOU, STX Corp.’s shipbuilding affiliate STX Offshore and Shipbuilding Co. also signed a contract to build two liquefied natural gas carriers for Russia’s state-operated shipping firm Sovcomflot at the forum.
STX Offshore and Shipbuilding had been awarded the $400 million contract in May.
The contract also includes an option for 2 additional LNG carriers, the company said.
By Choi He-suk (cheesuk@heraldcorp.com)
Under the agreement, STX, which counts construction and shipbuilders among its subsidiaries, will undertake the $1 billion project to build a shipyard in St. Petersburg.
The company said that when the contract regarding the content of the MOU is signed, STX will carry out the project on a turn-key basis, and that the market for such projects is likely to expand rapidly.
According to STX, resource-rich countries including Russia and the United Arab Emirates are reviewing plans to build shipyards, but related projects have been slow in taking off due to their lacking technology and experience in building and running shipyards.
Along with the MOU, STX Corp.’s shipbuilding affiliate STX Offshore and Shipbuilding Co. also signed a contract to build two liquefied natural gas carriers for Russia’s state-operated shipping firm Sovcomflot at the forum.
STX Offshore and Shipbuilding had been awarded the $400 million contract in May.
The contract also includes an option for 2 additional LNG carriers, the company said.
By Choi He-suk (cheesuk@heraldcorp.com)
