Oceangold says shipbuilding schedule with Korea's STX Offshore & Shipbuliding will continue

Friday, 14 September 2018 10:21

By L. Karageorgos

Oceangold shipping, controlled by Yannis Dragnis, this week announced that its ship-building program was continuing as planned, with six new product tankers being built in Korea's STX Offshore & Shipbuliding, a total investments exceeding 200 million USD.   

The Korean yard recently acquired a refund guarantee by the state-controlled KDB bank, which will allow it to commence construction of two of the tankers ordered by Oceangold.

 The guarantee letters had been delayed by around four months. STX Offshore & Shipbuliding is in the process of restructuring.


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