South Korean yard group STX Offshore & Shipbuilding is likely to enter court receivership soon due to its ongoing financial problems.
Main creditor Korea Development Bank (KDB) said creditors will decide on the next step by the end of this month.
The yard has been run by its lending group since 2013, after it was hit by falling vessel prices.
Reuters cited a KDB spokesman as saying the company lacks enough cash to meet obligations after this month.
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