Daedong Shipbuilding is reborn with STX help

STX Corporation has expanded into the shipbuilding business with an equity injection of $77 million into Daedong Shipbuilding. STX, formerly called Ssangyong Heavy Industries, is a licensed builder of MAN B&W, SEMT Pielstick, Niigata Engineering and Hanshin Diesel marine engines. Daedong Shipbuilding had been under court management since 1997. During ...

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