Hanjin Files for Court Receivership, HMM to Buy Its Assets

The financially troubled Hanjin Shipping has succumbed to the prolonged depression in the shipping market as the South Korean carrier decided to file for court receivership.

Court Gives Nod to STX Shipbuilding’s Receivership

South Korean shipbuilding company STX Offshore & Shipbuilding Co. has received approval to go into court receivership, the Korea Times reports citing a local court ruling from today.

STX Shipbuilding Seeks Relief in Court Receivership

South Korean cash-strapped shipbuilder STX Offshore & Shipbuilding Co. has filed for court receivership with the Seoul Central District Court, Yonhap news agency informs.

STX Offshore & Shipbuilding Facing Court Receivership

Troubles for South Korean shipbuilders keep on coming the latest victim being STX Offshore & Shipbuilding Co.