ShippingWatch

Decision on the way: South Korea's major yard merger approaches conclusion

Following seven postponements and media reports on a potential decline, the deadline draws near for EU’s examination of what may become the world’s biggest shipbuilder. The deadline is Jan. 20, maintains spokesperson to ShippingWatch.

Photo: Handout/Reuters/Ritzau Scanpix

BRUSSELS – Despite repeated postponements and delays, a reliable deadline is apparently in place regarding the review of the merger between South Korean shipbuilders Daewoo Shipbuilding and Marine Engineering Co. (DSME) and Hyundai Heavy Industries (HHI), a European Commission spokesperson informs ShippingWatch.

The spokesperson confirms that the question on the Korean shipbuilders – whose biggest customer group is European carriers – faces a final decision within the next two weeks.

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