A worker near a ship which is currently under construction at Hyundai Heavy Industries' Shipyard in Ulsan, South Korea, May 13, 2015. REUTERS/Kim Hong-Ji/File Photo BRUSSELS, Feb 10 (Reuters) - Japan launched a second complaint at the World Trade Organization on Monday over support South Korea gives its shipbuilding industry, intensifying a wider dispute between the two … [Read more...]
Kleven Verft to Get New Owners
Croatian industrial group DIV Group has agreed to purchase Norwegian shipyard Kleven Verft from Hurtigruten. DIV Group is owner of Brodosplit, the largest shipyard in Croatia. Under the deal, which is expected to be finalized in a matter of weeks, Kleven Verft will keep its name and operate as its own company under the DIV Group umbrella. Kleven Verft is loceted in … [Read more...]
Hyundai Heavy’s $1.8 Billion Deal with DSME Hits EU Antitrust Hurdle
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 antitrust regulators warned on Tuesday as they opened a full-scale investigation. Hyundai is seeking to reinforce its position as the world's biggest shipbuilder partly in response to … [Read more...]
China Establishes World’s Largest Shipbuilding Group -State Media
SHANGHAI, Nov 26 (Reuters) - China on Tuesday formally established China Shipbuilding Group, which the country's government-run broadcaster described as the world's largest shipbuilder. The group's establishment, reported by China Central Teelvision (CCTV), comes after Beijing last month approved the merger of the country's two largest shipbuilders, China State Shipbuilding … [Read more...]
European Commission Opens Antitrust Investigation Into Fincantieri’s Bid for Chantiers de l’Atlantique Shipyard
By Foo Yun Chee BRUSSELS, Oct 30 (Reuters) - Italy's bid to create a European industrial champion in the shipbuilding industry faces difficulty after EU antitrust regulators said Fincantieri's bid for Chantiers de l'Atlantique would significantly reduce competition. The European Commission said the deal between two global leaders in an already concentrated and capacity … [Read more...]