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.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Growth prompts OSM to send 150 managers on a leadership course

An equal approach to management and a desire to be more aligned are some of the reasons why OSM is sending both top and mid-level managers on a custom-made leadership course. ShippingWatch has spoken to OSM’s new chief culture officer about the initiative.

MSC, Lufthansa mull acquiring Italian state aviation firm

The world’s largest container line, MSC, and German aviation company Lufthansa have offered to take over Italian state airline ITA, the former Alitalia. MSC and Lufthansa have requested a 90-day exclusivity period to closely examine ITA.

Further reading

Related articles

Latest news

See all jobs