November 20, 2008

STX builds tanker for Russia\'s Primorsk

RIA Novosti reported that South Korea's STX shipyard has started building an ice class tanker with deadweight of 51,000 tonnes for the Primorsk Shipping Corporation.

A company spokesman told RIA Novosti that the first of a series of seven tankers will be built by November this year, while the other six will be ready by 2010.

South Korea's Hyundai Heavy Industries, the world's largest shipbuilder is building six giant tankers for the Primorsk Shipping Corporation with deadweight of 104,000 tonnes each.

At present the PRISCO has 18 tankers with aggregate deadweight of around 1.2 million tonnes. By 2010, the company plans to raise the figure to at least 2 million tonnes.

PRISCO is expected to ship oil products to Pacific Rim countries when the first stage of the East Siberian-Pacific pipeline is completed.