Kazakhstan and South Korea to construct Caspian shipyard together
2012 05 04
Details
STX Offshore & Shipbuilding Co., Ltd. of South Korea will help Kazakhstan to construct a shipyard at the Caspian Sea and overhaul a shipyard, agency Novost-Kazakhstan reported citing the Press Service of Kazakhstan Engineering National Company.
On the sidelines of the KADEX-2012 international weaponry exhibition in Astana Kazakhstan Engineering and STX Offshore & Shipbuilding Co., Ltd. signed an MoU.
The sides intend to consider joint projects such as construction of a shipyard at the Caspian Sea shore and modernization of one of the current shipyards, involving transfer of South Korea’s shipbuilding technology. A special working group is to be launched to work out recommendations on possible projects.
Kazakhstan Engineering is fully owned by National Welfare Fund Samruk Kazyna, holding of this company comprises 25 defense industry facilities. Since April 2010, the Company has been managed by the Defense Ministry.
STX Offshore & Shipbuilding Co., Ltd. engages in the shipbuilding and ship repair business. It designs and builds product tankers, container ships, gas carriers, bulk carriers, LNG carriers, ultra large-sized container ships, VLCCs, VLOCs, cruise ships and ferries, and offshore plants. STX Offshore & Shipbuilding Co., Ltd. was founded in 1967 and is based in Jinhae, South Korea.
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