STX Shipbuilding Wins a $536M Contract from Petrobras for 8 LPG Carriers

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November 20, 2011
The contract calls for the construction of two different types of LPG Carriers, designed by Hamworthy: Fully pressurized with cargo capacity of 7,000 m3 (4 units) and 4,000 m3 (2 units) and semi-refrigerated with cargo capacity of 12,000 m3 (2 units). Photo: STX OSV

SINGAPORE (Dow Jones)–STX OSV Holdings Ltd. (MS7.SG) on Sunday said it has won a contract worth US$536 million from a unit of a unit of Brazilian energy giant Petroleo Brasileiro S/A (PBR, PETR4.BR) to build eight liquefied petroleum gas carriers.

The Singapore-listed shipbuilder of offshore and specialized vessels had signed a contract for the vessels from Petrobras Transporte S.A. in July 2010 but had not included it in its orderbook, STX OSV said in a statement to Singapore Exchange, without giving a reason.

The contract involves the construction of two different types of LPG Carriers and the vessels are scheduled to be delivered between 2014 and 2016 from STX OSV’s new shipyard currently under development at Suape in the state of Pernambuco, Brazil, it said.

-By Gaurav Raghuvanshi; Dow Jones Newswires

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