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.
by DANIEL LOGAN
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.”
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EU rejects merger of yard majors DSME and HHI
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