Join our crew and become one of the 105,925 members that receive our newsletter.

vantage drillship stx shipbuilding

Drillship Order Canceled at STX Shipbuilding

Rob Almeida
Total Views: 6
January 10, 2014

vantage drillship stx shipbuildingSTX Shipbuilding reports today they have lost a KRW 742.9 billion order for a newbuild drillship.

Although not specifically mentioned in the exchange filing, it’s likely the other party to the contract is Vantage Drilling (NYSE: VTG) which placed an order for a new drillship in November 2012 with options to build four additional vessels.

In September 2013, Vantage suspended the construction of the Palladium Explorer drillship which was under construction at STX and further expressed the possibility of outright cancelation of the newbuild contract while STX underwent financial restructuring.


Unlock Exclusive Insights Today!

Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.

Sign Up
Back to Main
polygon icon polygon icon

Why Join the gCaptain Club?

Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.

Sign Up


Maritime and offshore news trusted by our 105,925 members delivered daily straight to your inbox.

Join Our Crew

Join the 105,925 members that receive our newsletter.