South Korean authorities deny major yard merger

South Korean authorities have now set out to squash rumors that a large-scale merger is underway between the country's three big shipbuilders, including scandal-ridden DSME, writes Maritime Executive.

Photo: Lee Jin-man/AP/POLFOTO/arkiv

A merger is not on the way between South Korea's three major yards: Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Marine and Shipbuilding Engineering.

While rumours flourished about a potential merger, South Korean authorities have now put these speculations to rest.

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

Oil shipping states get loophole in EU's new Russia sanctions

In a new sanctions package against Russia, the EU cracks down on exporting the warring nation’s crude to third countries – despite protest from countries like Greece and Malta. Although several states are given leeway in new sanction demands the EU Commission otherwise considers ”water-tight”.

Further reading

Related articles

Latest news

See all jobs