Creditor banks of STX Shipbuilding & Offshore, Sungdong Shipbuilding & Marine Engineering and SPP Shipbuilding are discussing a merger to create an industry giant that would rank among the country’s largest shipbuilding groups.
A senior manager from one of the yards confirms to TradeWinds that discussions are ongoing and says he expects a decision to be made soon.
His company has been told to put its marketing activities on hold until further notice.
