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Shipbuilder Daewoo weighs options ahead of April debt deadline

Daewoo Shipbuilding & Marine Engineering is looking into its options to prepare for the maturation of massive debt in April, and the company is in talks with certain customers, the CEO tells Korean media. The yard faces close to USD 900 million in debt maturing this year.
Photo: Thorbjørn Hansen
Photo: Thorbjørn Hansen
by DANIEL LOGAN

South Korea' Daewoo Shipbuilding & Marine Engineering (DSME) is in a  financial state, and the shipyard will likely have a hard time making payments on the massive debt set to mature this year.

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