Top officials at DSME, who have trashed the rumours that Samsung Heavy Industries (SHI) could take over their yard, privately suggest the STX tie-up might be more realistic.
But this week, key shipbuilding players in Korea tell TradeWinds that STX’s own financial problems and debts make it “too complicated” a candidate to partner with DSME.
They says DSME is a listed company and is under the control of its major creditor, state-run Korea Development Bank (KDB), and as such would unlikely to be able to take on another debt-laden entity.
