STX Shipbuilding raises sales target to US$10 bln

Seoul (ANTARA News/Asia Pulse) - STX Shipbuilding Co. (KSE:067250), the world's seventh-largest shipbuilder, said Wednesday it has raised its sales target for the year to US$10 billion from the previous $5.5 billion on increased orders for high-priced ships.

So far this year, the shipbuilder has won deals valued at $5.3 billion to build 103 vessels. Last year, the shipbuilder clinched deals worth $4 billion.

STX Shipbuilding expects orders for high-priced ships and container vessels to continue to increase in the future.

Source:Business in Asia Today