German bank will supply US$2.9 billion for the construction of the vessels
Sign up to get our monthly updates delivered straight to your inbox:
Author: Rebecca Gibson/Tuesday, September 13, 2016/Categories: News, Building and refurbishment, Fincantieri, STX France
Netherlands-based shipbuilder Damen Shipyards Group and Italy-based shipbuilding giant Fincantieri are in talks to purchase STX France, a subsidiary of debt-ridden South Korean group STX Offshore & Shipbuilding Corporation., according to several news reports.
Reports suggest that the sale of the Saint-Nazaire, France-based yard is a key part of a restructuring plan by STX, which also includes cutting by 35% its 2,090 staff in Korea by the end of September. The company’s creditors will decide in October whether to accept the plan. If it is rejected, the company will be liquidated.
The French government also holds a 33% minority stake in STX France.
Number of views (19770)/Comments (-)
CruiseandFerry.net is the online home of International Cruise & Ferry Review, a twice-yearly magazine that is also available for subscription in both printed and digital formats.
Via our website, magazine and social networks, we aim to be the world's best supplier of news and insight into the global passenger shipping industries. Our content covers both the cruise and ferry businesses, and provides our audience with insight into building and refurbishment, marine operations, onboard experience, ports and destinations and more.
Keep up with the latest
Find a supplier
Download iOS app