German liner shipping company Hapag-Lloyd has placed an order for six Ultra Large Container Vessels at South Korea’s Daewoo Shipbuilding & Marine Engineering. The vessels will have capacity of more...

BRUSSELS, April 2 (Reuters) – EU antitrust regulators have halted their investigation into world No. 1 shipbuilding group Hyundai Heavy Industries’ $1.8 billion merger with Daewoo while waiting for the...

By Foo Yun Chee BRUSSELS, Dec 17 (Reuters) – World No. 1 shipbuilding group Hyundai Heavy Industries Holdings Co Ltd’s $1.8 billion merger with rival Daewoo could inflate prices, EU...

By Hyunjoo Jin SEOUL, Jan 31 (Reuters) – Hyundai Heavy Industries, the world’s biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1.98 billion) to take...

SEOUL, Jan 30 (Reuters) – South Korea’s Hyundai Heavy Industries Group, the world’s biggest shipbuilder, is interested in buying a stake in second-ranked rival Daewoo Shipbuilding & Marine Engineering, a...

John Fredriksen-controlled Northern Drilling has entered into agreements to acquire two newbuild ultra-deepwater drillships from South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) for the bargain price of just US...

By Haejin Choi SEOUL, Oct 31 (Reuters) – North Korea probably stole South Korean warship blueprints after hacking into Daewoo Shipbuilding & Marine Engineering Co Ltd’s database in April last...

On the heels of CMA CGM’s order for nine record-breaking 22,000 TEU containerships, Mediterranean Shipping Company has confirmed it has placed its own order for eleven new vessels each with...

By Joyce Lee SEOUL, April 18 (Reuters) – South Korea’s Daewoo Shipbuilding & Marine Engineering Co Ltd has won near unanimous agreement from bondholders to swap their debt for equity,...

By Joyce Lee SEOUL, April 17 (Reuters) – South Korea’s Daewoo Shipbuilding & Marine Engineering Co Ltd on Monday won near unanimous approval for a debt-to-equity swap plan in the...

By Jung Park and Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co., the world’s largest shipbuilder, won a reprieve from major bondholder National Pension Service and other lenders, helping...

By Abhishek Vishnoi, Kyunghee Park and Jung Park (Bloomberg) — South Korea’s National Pension Service has a decision to make — help the world’s biggest shipmaker survive, or let it die....

By Michael Schuman (Bloomberg View) — Any horror aficionado knows that the only good zombie is a dead zombie. Don’t risk trying to bring one back to life. It’ll just...

By Joyce Lee SEOUL, March 24 (Reuters) – Daewoo Shipbuilding & Marine Engineering Co Ltd’s CEO Jung Sung-leep said he believes he should step down from the top position if...

By Joyce Lee SEOUL, March 23 (Reuters) – South Korean state banks are preparing a fresh $2.6 billion bailout for floundering Daewoo Shipbuilding & Marine Engineering Co Ltd, which has...

By Kyunghee Park and Jung Park (Bloomberg) — Last August, the Korea Development Bank left cash-strapped Hanjin Shipping Co. adrift at sea — literally. South Korea’s state-owned lender, the nation’s largest...

Houston-headquartered offshore drilling contractor Atwood Oceanics announced Tuesday it has reached an agreement with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering to postpone the delivery of two newbuild ultra-deepwater...

Maersk Drilling on Friday named one of the world’s largest jack-up rig, Maersk Invincible, at the DSME shipyard in Okpo, South Korea. The rig is the last of Maersk Drilling’s...

By Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipbuilder, plans to eliminate 3,000 jobs, or 24 percent of its workforce, this year as part...

By Kyunghee Park (Bloomberg) — Daewoo Shipbuilding & Marine Engineering Co., the world’s second-largest shipbuilder, was told to improve its financials within a year before its shares can resume trading,...