STX Shipbuilding Co., Ltd.

STX Shipbuilding Co., Ltd. is a Korea-based company active in the shipbuilding industry. It focuses on designing and building ships with capacities ranging from 30,000 to 80,000 deadweight tons. The Company's product portfolio consists of tankers, container ships, bulk carriers, liquefied petroleum gas (LPG) and liquified natural gas (LNG) carriers, pure car carriers and naval vessels. During the year ended December 31, 2007, the sale of tankers accounted for approximately 70% of the Company's total revenue. The Company is a subsidiary of STX Corporation, a holding company involved in energy trading, investment and management consulting. On May 14, 2008, the Company established a China-based wholly owned subsidiary company, which is mainly engaged in the management of buildings and lease businesses.