Six bidders have tabled offers for restructuring South Korean yard Sungdong Shipbuilding, after three previous auctions failed.
Financial industry sources told the Maeil daily that Changwon district court has fielded two or three bids that met the price requirement of more than KRW 300bn ($265.2m), as well as agreeing to investment plans to raise 10% of their offered price.
The strongest contender is said to be a consortium involving plant maker HSG Heavy Industries and Curious Partners Investment.
A winner was due to be picked soon.
Once a top-10 shipyard, Sungdong entered court receivership in March 2018. It has no orders listed by Clarksons.
Creditors had refused to extend new loans.
Under a previous creditor-led restructuring that began in 2010, $2.5bn was pumped into the shipbuilder.
Greece's Kyklades Maritime cancelled the five aframaxes it had on order at Sungdong after the yard sought court rehabilitation.
