Major Korean shipowner's crisis leads to more drama

Speculations abound that Korea Developments Bank declined credit support for almost USD 180 million to STX Pan Ocean, which got a new CEO on Wednesday.
BY OLE ANDERSEN

The drama about Korean STX Pan Ocean's destiny remains unclear as the major Korean shipping company announced on Wednesday that the company has yet to decide whether to seek court receivership, according to a statement by company spokesman SJ Jang.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now


Further reading