China's regulator approves South Korean yard merger

A merger of the two South Korean yards Hyundai Heavy Industries Holding and DSME has been cleared by the Chinese competition authority. The merger, announced in 2019, is still being reviewed by the EU.

Daewoo Shipbuilding and Marine Engineering | Photo: Daewoo Shipbuilding & Marine Engineering/Yonhap

by DAG HOLMSTAD

China's competition authority has approved a large-scale merger of the two South Korean yards Hyundai Heavy Industries Holding, HHI, and Daewoo Shipbuilding & Marine Engineering, DSME.

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