Korean yard emerges from receivership early due to improved finances as new orders come in. <\/p>\n
Korea's STX Offshore & Shipbuilding has emerged from court receivership early due to its better financial health. <\/p>\n
Aju News reported that the yard will resume normal operations after it was placed into a rehabilitation scheme last year. <\/p>\n
The bankruptcy court cited its improved financial status. <\/p>\n
It added that the company had made partial early repayments of reorganisation claims due within the next year, according to the Asiasis website. <\/p>\n
It would be better to provide a chance to compete as a <\/p>\n
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STX Offshore & Shipbuilding exits court restructuring - TradeWinds (subscription)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 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. Continue reading