Tag: merger

Japanese shipbuilder Tsuneishi Shipbuilding will take a 49% stake in a bulk carrier and tanker unit of Mitsui E&S, aiming to better compete against South Korean and Chinese rivals.

The merger between Hyundai Heavy Industries Group and Daewoo Shipbuilding and Marine Engineering will receive regulatory approval upon the receival of assurances that the competition on the market would not be affected.

Pending regulatory approvals, Korea Shipbuilding & Offshore Engineering (KSOE) announced a further deadline extension for the acquisition of Daewoo Shipbuilding & Marine Engineering (DSME).

European shippers and freight forwarders warn the European Commission about the current practices of liner shipper carriers as European supply chains are becoming more distorted.

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 European Commission announced it will resume its review of Hyundai Heavy Industries’ acquisition of Daewoo Shipbuilding & Marine Engineering, after temporarily suspending it amid the COVID-19 pandemic. 

Under the European Merger Regulation, the European Commission announced the approval of a newly-proposed joint venture between the French shipping company CMA CGM and China International Marine Containers Neocontainer Logistics Limited (CIMC Neocontainer), part of CIMC Group. 

In fact, two scrubber manufacturers backed by Frontline and Navig8 Group have completed a merger to create one of the world’s biggest suppliers of exhaust gas cleaning kits. Namely, Clean Marine has finalized the tie-up with FMSI, as planned earlier in October.

An in-depth Competition and Markets Authority (CMA) review has provisionally found that the proposed merger between Prosafe and Floatel raises competition concerns. According to the UK CMA, both companies supply semi-submersible offshore accommodation support vessels (semi-submersible ASVs) to oil and gas companies, which are consequently used to provide accommodation space for employees working offshore and are a key facility for some types of work in the North Sea.

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.