STX undecided over Daewoo

Ship-building and shipping firm STX Pan Ocean said it is still considering whether to buy a stake in Daewoo Shipbuilding & Marine Engineering. The company was responding to market talk that it could be joining the fray for Daewoo Shipbuilding, which is 50.4% owned by Korea Development Bank and Korea Asset Management. STX Pan Ocean also denied speculation that it is planning to issue new shares.