Tuesday, December 27, 2016

One Bidder Left

Korean shipbuilder STX was ordered to liquidate its overseas assets by Korean courts when it filed bankruptcy last spring. One of those assets is STX France, the former Chantiers de l'Atlantique shipyard at Saint-Nazaire.

Earlier there were rumored to be three or four interested bidders for STX France. Today, South Korean newspapers were reporting that the court had revealed they have received only one bid.

The complete story appeared in the December 27 edition of Cruise News Daily.