Korean shipbuilders win consecutive orders despite pandemic

, including for LNG projects in Qatar and Mozambique. The same day, KSOE’s smaller rival STX Offshore & Shipbuilding said it had signed a contract with a Korean shipping company for three tankers, its first

STX Offshore urges workers to stop strike

Mid-sized shipbuilder STX Offshore & Shipbuilding Co. called Wednesday on its unionized workers to stop their general strike. The shipbuilder's unionized workers went on general strike starting on

Regulatory void undercuts Korean renewable energy industry

general trading firm STX signed an exclusive distribution agreement with Chinese battery maker BYD. In accordance with the contract, ESS provided by STX in Korea should be equipped exclusively with BYD

[Market close-up] Market eyes KDB's bail-out plan on coronavirus-hit companies

chief has led a series of restructuring schemes for ailing companies, including STX Offshore & Shipbuilding and Kumho Tire. He said in the beginning of the year that sacrifice was inevitable in the

STX Corp. signs coal trading deal with Russia's Mechel

STX Corp., a South Korean general trading firm, said Monday it has signed a deal with Russian mining giant Mechel PAO to import coal and coke produced in the Kuzbass mines in Kemerovo, Russia. Under

STX's investment deal

STX Corp. CEO Park Sang-jun (right) shakes hands with KA Group chairman Abdulghani during a signing ceremony for the agreement on the group's CB investment of $5.5 million in the Korean corporation

Ministry denies Japan’s accusation that shipbuilding subsidies break WTO rules

Korea’s provision of financial assistance to three shipbuilders -- Daewoo Shipbuilding & Marine Engineering, Sungdong Shipbuilding & Marine Engineering and STX Offshore & Shipbuilding -- has violated the

‘Crazy Rich Asians’ shines bright at the box office

third place with an estimated $13.6 million. The STX film had a $35 million production budget. Launching with $10.5 million, “Alpha,” an Ice Age-set adventure tale, tied for fourth place in its opening

Fate of STX remains uncertain despite self-rescue plan

The fate of STX Offshore & Shipbuilding remained dim Tuesday, even though a self-rescue plan was delivered to creditors after its labor and the management reached an agreement on a restructuring plan

Creditors to put STX Offshore under court receivership

CHANGWON -- Creditors of STX Offshore & Shipbuilding Co. said Tuesday they will place the debt-ridden shipbuilder under court receivership as its union failed to accept the company's self-rescue