STX OSV

STX OSV: As expected, Co. announced that it has made effective its contract for 8 LPG Carriers, worth US$536m (Nok 3.1b) from Petrobas. Note that the contract has already previously been signed. in Jul10 but was not previously included it in grp’s orderbook. Confirmation of orders brings grp orderbook to 16.6b, underpinning earnings visibility for 1.5 yrs.