STX Offshore and Shipbuilding continues to add to its series of successful orders for merchant ships and value-added vessels.

The shipyard has received orders for two 50,000-DWT tankers from a Greek shipping company. It was followed by orders for two 6,500-CBM LPG carriers in Athens a week later. The company signed a total of $120 million worth of shipbuilding contracts in May alone.

The shipbuilder plans to build the two tankers and two LPG carriers at the Jinhae Shipyard and Busan Shipyard and deliver them by the second quarter of 2014.

Additionally, the STX Group affiliate has recently signed an LOI for two LNG carriers and is concurrently in final negotiations for a shipbuilding contract for an LEG (Liquefied Ethylene Gas) carrier with a shipping company in the Middle East. If those contracts are successful, STX Offshore and Shipbuilding is expected to secure additional orders worth $430 million.

STX Business Group has found strategic ways of receiving orders in step with the current market trends. STX has continued to obtain orders for MR (Medium Range) tankers since early this year along with $570 million for eight LNG carriers.

With these orders added, STX’s new orders for ships this year has amounted to  $2.42 billion for 45 ships.

The STX shipyard plans to give all-out efforts to secure more orders, focusing on European countries like Greece whose demand for such types of ships has increased, as more orders are steadily won in the area of MR tankers and value-added vessels in which the STX Group is strong.

STX is sailing smoothly with a steady flow of consecutive orders for various types of high value-added ships.

The STX shipyard received an order for a heavy lift crane vessel worth approximately $100 million from Scaldis Salvage & Marine Contractors NV in Belgium. This heavy lift crane vessel, to which various technologies specific to offshore operations are applied, will be built at the STX Dalian Shipbuilding Complex for delivery in the first quarter of 2014.

In a continuation of its order receipt rally, STX Offshore & Shipbuilding also recently received an order for two 5,000 CBM class LPG carriers totaling $40 million from Brave Maritime Corporation in Greece. These LPG carriers will be built at the Busan Shipyard and delivered in the first quarter of 2014.

Furthermore, STX OSV also showed its potential by winning orders valued at approximately $420 million in March in the high value-added offshore specialized vessels field, a feat which drew wide recognition for the company’s production capabilities.

STX OSV received orders for an offshore subsea construction vessel and an offshore subsea support vessel amounting to $115 million and $89 million from DOF and Ireland Offshore, respectively, on March 19. In addition, STX OSV received an order for two multi-purpose offshore special vessels totaling $213 million from Farstad Shipping in Norway on March 30.

The vessels ordered can provide support for seabed resources development in a variety of ways, including functioning as a transport for an oil field development platform, which can be secured in deep seas.

STX OSV will build these vessels at the Tulcea Shipyard in Romania and Langsten Shipyard in Norway, respectively, for delivery in the first quarter of 2014.