Creditors of Korea's Sungdong Shipbuilding will relax restrictive guidelines governing the price of new orders.
Currently the creditor-run yard can only book vessels when it can guarantee an operating profit, according to the Asiasis website.
It cited industry sources as saying the Export-Import Bank of Korea (Korea Eximbank), Nonghyup Bank and Korea Trade Insurance Corporation (K-Sure) are set to ease restrictions.
