STX Offshore & Shipbuilding (Korean: STX조선해양) is a South Korean shipbuilding company. It is the world's fourth largest shipbuilder, owning STX Europe, Europe's second largest shipbuilding group. It has built about 700 ships over the last 40 years in Busan and Jinhae.
STX (a contraction of the word "sticks" but commonly called "S-T-X") is a global sports equipment manufacturer based in Baltimore, Maryland. It is a subsidiary of Wm. T. Burnett & Co. STX makes lacrosse equipment, field hockey equipment, ice hockey equipment, and golfputters, but its main business is in manufacturing of men's and women's lacrosse sticks and protective gear, including gloves, pads, and women's eyewear. The company was founded in 1970 by Richard B.C. Tucker, Sr. as STX Inc. STX's first stick was the double wall, synthetic lacrosse head (U.S. Pat. #3,507,495), which was the first synthetic stick and the only type used to score goals in the first NCAA Men's Lacrosse Championship (1971).
STX is one of the largest manufacturers of lacrosse equipment, and in Maryland, part of the $66+ million industry.
Richard B.J. Tucker Sr. grew up playing lacrosse in Baltimore and ultimately was an All-America member of the Johns Hopkins varsity men’s lacrosse team. Upon graduating from Hopkins in 1951, Tucker joined the family business, Wm. T Burnett & Co., which would prove to be one of the most significant occurrences in the history of the modern lacrosse era.
Offshore (1979) is a novel by Penelope Fitzgerald. It won the Booker Prize for that year. It recalls her time spent on boats on the Thames in Battersea. The novel explores the liminality of people who do not belong to the land or the sea, but are somewhere in between. The epigraph, "che mena il vento, e che batte la pioggia, e che s'incontran con si aspre lingue" ("whom the wind drives, or whom the rain beats, or those who clash with such bitter tongues") comes from Canto XI of Dante's Inferno.
"Offshore", when used relative to hydrocarbons, refers to an oil, natural gas or condensate field that is under the sea, or to activities or operations carried out in relation to such a field. There are various types of platform used in the development of offshore oil and gas fields, and subsea facilities.
An STX vessel is seen in this promotional image / Courtesy of APCPrivate Equity... STX's headquarters in Seoul / Courtesy of APC Private Equity ... APC PE made headlines here the following year when it took over STX Corporation _ most famous as the parent firm of former STX offshore & Shipbuilding.
Based on a current market valuation of approximately $160 million, the implied value of the shares of STX being sold is approximately $78.7 million ... Hanwha’s bid would place it in competition with HD Hyundai, the parent of KoreaShipbuilding & OffshoreEngineering, which announced in mid-December that it was bidding for the shares of STX.
One of the final pieces of the former STX group is going up for sale in South Korea and in a surprise move, KoreaShipbuilding & OffshoreEngineering (KSOE) announced that it is among the bidders for the company which is the engine builder of the former conglomerate.