Self-rescue plan, new orders crucial for Daewoo Shipbuilding’s survival

The fate of Daewoo Shipbuilding & Marine Engineering Co. will largely hinge on its implementation of bold self-rescue measures and a revival of new orders

DSME’s Self-Bailout Plan Gets Green Light from Creditors

Creditors of the financially troubled Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME), led by Korea Development Bank, have reportedly cleared the shipbuilder’s USD 4.47 billion-worth self-rescue scheme, Yonhap reports citing industr

STX Offshore seeks self-rescue plan

In the latest sign of its deteriorating financial status, STX Offshore & Shipbuilding Co., a South Korean...