STX Offshore & Shipbuilding exits court restructuring – TradeWinds (subscription)

Korean yard emerges from receivership early due to improved finances as new orders come in.

Korea's STX Offshore & Shipbuilding has emerged from court receivership early due to its better financial health.

Aju News reported that the yard will resume normal operations after it was placed into a rehabilitation scheme last year.

The bankruptcy court cited its improved financial status.

It added that the company had made partial early repayments of reorganisation claims due within the next year, according to the Asiasis website.

It would be better to provide a chance to compete as a

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STX Offshore & Shipbuilding exits court restructuring - TradeWinds (subscription)