Kang Duk-Soo file photo courtesy STX Group
South Korea’s STX Offshore & Shipbuilding Co. said Monday that Kang Duk-Soo will be stepping down from his post as Chairman of the struggling shipbuilder, Yonhap News has reported.
The news comes following reports last week that creditors at Korea Development Bank had urged Kang to resign over his mismanagement. Last month, Kang also resigned from his lead role at STX Pan Ocean, the country’s leading bulk carrier, the Yonhap report said. The report added that Kang Duk-Soo remains chairman of STX Group
Unconfirmed reports indicate that STX will tap Park Dong-Hyuk, a vice president at rival Daewoo Shipbuilding & Marine Engineering, to fill the role.
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
STX Offshore and Shipbuilding has won a 746 billion won (US$696.5 million) order today to build 13 crude oil tankers including three Suezmax and ten Aframax-sized vessels, according to an exchange...
Creditors of South Korea's STX Offshore & Shipbuilding Co Ltd have decided to lend the debt-laden shipbuilder an extra 1.8 trillion won ($1.7 billion), two creditor sources with direct knowledge of the matter said.
Updated: January 23, 2014 (Originally published January 20, 2014) Sovcomflot, Russia’s largest shipping company held a naming ceremony today at STX Offshore & Shipbuilding celebrating their new ice-class 170,200 cbm LNG carrier, Velikiy Novgorod....
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
