STX Pan Ocean looks to have hatched a mooted near $1bn order for bulker newbuildings at a related shipyard.



South Korea’s STX Offshore & Shipbuilding has bagged a orders worth $912m for 20 vessels, reports on Tuesday indicate.

The order is most likely to belong to sister company STX Pan Ocean which in mid November signalled its intention to go on a newbuilding spree having sealed a 25-year, $5bn charter deal with a Brazilian company.



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