Kang Duck-soo, ceo of the troubled STX Offshore & Shipbuilding Co in South Korea, has resigned from his post, the Yonhap news agency reports.

STX Offshore & Shipbuilding is the parent company of STX Europe in Oslo, which again owns 100% of STX Finland and 64% of STX France. Both companies are major builders of passenger tonnage. STX Offshore & Shipbuilding has suffered from serious financial problems and it has put many of its overseas assets, including the yards in Finland and France, up for sale.