STX OSV unit wins $20.7m contract

STX OSV Holdings, the major global designers and shipbuilders of offshore and specialised vessels, says its subsidiary STX OSV Electro AS has secured a new contract with Universal Shipbuilding Corporation for the delivery of six integrated diesel-electric propulsion packages for a series of ships under construction for Swire Pacific Offshore. The total value of the contract amounts to NOK 100 million ($20.7 million).