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Maersk keeps a close eye on South Korean yard merger

Maersk will carefully monitor the impending merger of the two South Korean shipbuilding majors Hyundai Heavy Industries and DSME. With an expected 21 percent market share, the merger could impact the liner company, which is among its major customers. (updated)

EU Commission casts critical eye on South Korean merger

Competition and customers – in this case, shipping companies – are the key points for the EU Commission's assessment of the merger between two of South Korea's yards. The German anti-trust authorities also react to the merger.

South Korean yard merger could be met with resistance abroad

South Korea's Fair Trade Commission says that foreign regulators will likely keep a close eye on the merger between Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering. The new company's market share could weaken competition, notes the commission.

Two of the world's largest shipbuilders seal merger deal

Despite massive resistance from employees, Hyundai Heavy Industries has now signed a formal deal with state-owned Korea Development Bank to take over the majority in Daewoo Shipbuilding & Marine Engineering. Together the two shipbuilders will sit on a fifth of the global newbuild market.

Large-scale walkout at world's biggest shipbuilder

Dissatisfaction is simmering in the South Korean shipbuilding sector, where 12,000 employees have now walked out at Hyundai Heavy Industries. Large-scale layoffs in the offshore unit have triggered the protests.

Hyundai Heavy misses order target big-time for H1

The South Korean shipbuilder hit significantly below the target for order intake in the first half of the year. The setback is attributed to a big slide in offshore facility projects, says the company. Hundreds of workers strike Friday.

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