State-run creditor takes two-track approach on Daewoo Shipbuilding
The main creditor of Daewoo Shipbuilding & Marine Engineering Co. said Monday it has been preparing for the option of placing the troubled shipbuilder under a sort of court receivership unless all stakeholders agree on a painful debt-for-equity swap plan.
Wuzhou Shipyard becomes first state-run shipyard to go bust
Zhoushan Intimidate People’s Court has announced that it has accepted an application from Zhejiang Shipping...