Media: Bankrupt STX yard to be liquidated

Chinese shipping yard STX Dalian has apparently been unsuccessful in completing a reorganization, and has now begun a liquidation of the company.

Photo: Hempel

STX Dalian, the bankrupt subsidiary of South Korean STX Corporation, has not been able to complete the planned reorganization, which has launched in June 2014.

The shipping yard will now be liquidated, according to several media sources in China.

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