Shipping industry silent on EU's "bold" no to South Korean yards

EU’s decline of major merger between South Korean shipyards DSME and HHI shows that Brussels is not afraid to make ”bold decisions,” assesses large law firm. The shipping industry’s own reaction is mostly silent.

Last week, the European Commission, headed by Margrethe Vestager, rejected the merger of HHI and DSME. | Photo: Francisco Seco/AP/Ritzau Scanpix

European rejection of the large-scale merger of shipbuilding groups Daewoo Shipbuilding & Marine Engineering (DSME) and Hyundai Heavy Industries (HHI) is good news for the liquefied natural gas (LNG) carriers and demonstrates the European Commission’s willingness to make ”bold decisions.”

So writes law firm Baker Botts in a comment on the decision, publicized last week.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
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

HMM doubled revenue in Q1

South Korean container line HMM follows the trend of European competitors, which have already presented their first-quarter financials. Revenue doubled in a significant surge.

Further reading

Related articles

Latest news

See all jobs