As Yonhap reports, Hyundai Heavy Industries Group issued an application to the European Union, waiting for approval for its proposed takeover of local Daewoo Shipbuilding and Marine Engineering Co. The company informed that the submission will be reviewed by anti-trust authorities at the European Commission, expecting the results of their call in 2020.
MSC confirmed the order of five 23,000 TEU ULCVs from the South Korean Daewoo yard, a step that will take the Geneva-based carrier’s orderbook to 16 vessels, for a massive 305,352 TEU. This new order is reportedly in line with MSC’s order for 11 ships made in 2017.
The Daewoo Shipbuilding & Marine Engineering branch of the Korean Metal Workers’ Union are to conduct a demonstration in Brussels, October 1, against the union of Daewoo and Hyundai Heavy Industries group; Following, the Korean Metal Workers’ Union are to proceed to a similar action in Japan.
UK-based heavy lift company ALE completed the launch of the KASEL 3 submarine for the Indonesian government, the first ever submarine to be locally-assembled and launched in South East Asia. DSME and the Indonesian Ministry of Defence signed a contract for a further three submarines.
Hyundai Heavy Industries (HHI) shareholders decided to vote in favour of the merger with Daewoo Shipbuilding & Marine Engineering (DSME), despite strong workforce opposition this week. The merger will create a Korean megayard, which will be responsible for 21.2% of the global orderbook.
According to Yonhap, unionized workers of Hyundai Heavy Industries Co. continued their strike on Tuesday, May 28, against the HHI’s proposal on cancelling its merger plan with Daewoo Shipbuilding & Marine Engineering Co. (DSME).
Worker unions at South Korean shipbuilding giant Hyundai Heavy Industries Co. staged a partial strike on Thursday to protest against the merger with the compatriot major Daewoo Shipbuilding and Marine Engineering Co Ltd (DSME).
As the Korea Times reports, Hyundai Heavy Industries is facing protests from Ulsan City over its goal to establish the headquarters of Korea Shipbuilding & Offshore Engineering, the newly merged company of Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME), in Seoul.
As Samsung Heavy Industries reported on Monday, April 22, it signed a contract with an Asian shipping company, for the construction of a storage and offloading unit that will cost 1.1 trillion won, under the term that the client’s move is supported by the partner and the government.
In a message to all employees, the new chief of South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME), said Monday that the company needs to secure more orders by gaining price competitiveness.
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