Hyundai Heavy Industries Archives - Page 34 of 36

Report: HHI to Formally Acquire DSME, Final Deal Expected in March

12 February 2019

Hyundai Heavy is to sign a formal deal to acquire compatriot rival DSME.

https://worldmaritimenews.com/archives/271181/report-hhi-to-formally-acquire-dsme-final-deal-expected-in-march/

Report: Samsung Heavy Unlikely to Bid for DSME Stake

11 February 2019

SHI will unlikely submit its offer to buy a majority stake in the compatriot shipbuilder DSME.

https://worldmaritimenews.com/archives/271131/report-samsung-heavy-unlikely-to-bid-for-dsme-stake/

Top two shipbuilders of the world to merge

1 February 2019

The world’s biggest shipbuilder, South Korea’s Hyundai Heavy Industries, has reached a deal to acquire a majority stake in ailing number two Daewoo from the government, Seoul said Thursday, January 31.

The world’s top three shipbuilders are South Korean — Samsung Heavy ranks third — but the industry has been hammered in recent years by overcapacity and plunging ship prices.

Daewoo Shipbuilding & Marine Engineering has struggled in particular and has repeatedly been bailed out by the government to...

http://container-news.com/top-two-shipbuilders-world-merge/

Hyundai Seeks to Take Over DSME, Inks Conditional Deal with KDB

31 January 2019

Hyundai Heavy Industries Corporation has set sights on acquiring a major stake in compatriot Daewoo Shipbuilding and Marine Engineering.

https://worldmaritimenews.com/archives/270226/hyundai-seeks-to-take-over-dsme-inks-conditional-deal-with-kdb/

South Korea to Combine World’s Two Biggest Shipbuilders in $2 Billion Deal

31 January 2019

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 over second-ranked Daewoo and create a global heavyweight controlling over 20 percent of the market. The move...

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