A Chinese court’s decision to liquidate six subsidiaries of STX Dalian Group will result in the sale of the shipyard wing.
Industry sources say an international sales tender for STX Dalian Shipbuilding will be held next month. Items on the block will include an incomplete 400,000-dwt very large ore carrier (VLOC) newbuilding and one 23,500-dwt livestock carrier.
STX Dalian Group controls 11 companies but six of them — STX Dalian Shipbuilding, STX Dalian Engine, STX Dalian Metal, STX Dalian Heavy Industries, STX Dalian Marine Engineering and STX Dalian Construction — entered court receivership last year.
