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STX sets product price record.

Europe Intelligence Wire

| October 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Lloyds List)

Byline: Sam Chambers in Hong Kong

PRODUCT carriers are the latest ship types to smash price records at the yards, with STX Shipbuilding of South Korea winning an order for four medium range, 47,000 dwt product carriers from Sovcomflot of Russia for a combined $170m.

The 47 type is a particular favourite at STX, whose backlog now stretches to 104 ships worth $3.2bn. This latest quartet will all be delivered by the end of 2007.

A spokesman for the Jinhae shipbuilder ...

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