STX O&S readies itself for comeback to shipbuilding

South Korea’s STX Offshore & Shipbuilding (STX O&S) is making a comeback to the market after staying away for almost a year.

The embattled shipbuilder is set to restart its marketing activities in January. Its target is to secure at least seven newbuildings for 2017 and increase the tally to 11 for the following year.

Sources say the Central Seoul District Court and the creditor banks of STX O&S calculated that it is better for the Chinhae-based shipyard to continue with its shipbuilding activities than to be liquidated.

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