South Korea’s STX Offshore & Shipbuilding is expected to file for court protection within days as the shipyard’s main creditors have ruled out injecting more funds into the company and the outlook for the shipbuilding market remains bleak.
Industry sources say a filing could be made imminently and this would likely prompt discussions from owners who contracted the 41 newbuildings — worth an estimated $6bn — currently on the yard’s books.
They
