Market Chatter: South Korea's STX Unveils Patrol Boats for Peruvian Navy

MT Newswires Live
21 Jan

South Korea's STX (KRX:011810) unveiled two patrol vessels, B.A.P. Rio Huarmey and B.A.P. Rio Nepena, at a christening ceremony in Peru earlier this month, Yonhap News reported Monday.

Built with Peruvian national shipyard SIMA, the identical vessels measure 56.4 meters in length and 8.5 meters in width and could go as fast as 23 knots, the report said.

Construction of the patrol boats is expected to be completed in the second half of 2025, Yonhap said.

Shares of STX fell nearly 3% at market close on Tuesday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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