Tag: DSME

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) unveiled a world's first robot using standardized big data and artificial intelligence to support metalworking, including cold working and hot working processes.

South Korean Hyundai Heavy Industries, the world's biggest shipbuilder, is discussing concessions with EU antitrust regulators to allay concerns over its $1.8 billion bid for compatriot rival Daewoo. 

The Competition and Consumer Commission of Singapore (CCCS) has cleared the proposed merger between Korea Shipbuilding & Marine Engineering Co., Ltd (KSOE) and Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME).

The long awaited HHI-DSME merger has been halted after EU antitrust regulators commenced their investigation in late 2019, waiting for both shipbuilding companies to provide the information missing. 

Several days ago, the European Commission has started a full-scale investigation to assess the proposed takeover of Daewoo Shipbuilding and Marine Engineering (DSME) by the Hyundai Heavy Industries Group (HHI). The investigation completed on 17 December while was carried out under the EU Merger Regulation.

In fact, ABS and Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) have signed a joint development project (JDP) agreement to explore decarbonization and digitalization strategies for Very Large Crude Carriers (VLCC) and Ultra Large Container Ships (ULCS).

Hyundai Heavy Industries Holdings Co Ltd’s $1.8 billion merger with rival shipbuilder Daewoo is expected to face a full-scale investigation in Europe due to serious EU antitrust concerns. Reuters now reports that the European Commission will launch an investigation into the deal in the following days, after a preliminary review ends on Tuesday, December 17.

The Competition and Consumer Commission of Singapore (CCCS) expressed concerns over the proposed merger between two South Korean shipbuilding giants, DSME and KSOE, part of Hyundai Heavy, noting that this could remove competition between two main suppliers of LNG carriers to the detriment of customers in Singapore.

The South Korean Daewoo Shipbuilding & Marine Engineering (DSME) launched its first LNG carrier, equipped with a developed air lubrication system (ALS), which was given to Greek shipowner Maran Gas Maritime.

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.