France Nationalizes STX France, Reopens Negotiations

France Nationalizes STX France, Reopens Negotiations
On Thursday, France followed through on its threat to nationalize the STX France yard at St. Nazaire after Italian shipbuilder Fincantieri refused a new proposal to split ownership equally. French Finance Minister Bruno Le Maire maintains that the nationalization is a temporary move, and that ... read more
Source: Maritime ExecutivePublished on 2017-07-31