CLAVE 1 / 4Kang Duk-soo, architect of South Korea’s collapsed STX empire, returns to shipbuilding through D-Ocean Asset Management.
CLAVE 2 / 4D-Ocean acquires control of SK Oceanplant for KRW410bn ($298m), marking Kang’s first industry move since his 2015 release.
CLAVE 3 / 4SK Oceanplant holds firm orders for six 115,000 dwt aframax crude tankers, worth KRW600bn, with two additional options.
CLAVE 4 / 4Kang’s previous STX expansion ended in 2013 restructuring after the 2008 financial crisis exposed severe liquidity issues.
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