Daewoo Ship, STX Offshore Lead Advances Among Korean Shipyards on Orders

Source: Bloomberg -  STX Offshore & Shipbuilding Co., the world’s fourth-largest shipyard, led advances among South Korean shipbuilders in Seoul trading on expectations that growing global trade will prompt more orders.
STX Offshore gained as much as 8.5 percent to 28,650 won, the highest intraday price in more than two years, and traded at 28,100 won as of 10:01 a.m. in Seoul. Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipyard, climbed as much as 4.9 percent to 31,100 won after winning a $510 million contract.
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