Jason Jiang December 28 2020 1138 1 minute read Chinas anti-trust authority has given the greenlight to the merger between two major South Korean shipbuilders Hyundai.

Hyundai shipping merger. Meanwhile Hyundai announced on 6 October in a filing to the Korean stock exchange that it was transferring its dry bulk shipping business and HMM America which owns container terminals in Los Angeles and Tacoma into a separate entity to be called Hyundai Bulk Line and looking to issue new bonds to improve its balance sheet. The 18 billion DSME-HHIH merger has secured approvals from regulatory bodies in China Singapore and Kazakhstan while approvals from South Korea Japan and the European Union are still pending. SEOUL Hyundai Merchant Marine Co.

In March 2019 Hyundai Heavy signed the deal with the state-run Korea Development Bank KDB the main creditor of DSME to buy a 5572 percent stake in the shipbuilder that had been mired in a severe cash shortage since 1999. At present Hyundai Heavy Industries Groups merger plan is under review by fair trade authorities in five countries. 29 Dec 2020 Last Updated December 29th 2020 1731 Chinese antitrust authority has sanctioned the merger between two major South Korean shipbuilding firms Daewoo Shipbuilding and Marine Engineering DSME and Korea Shipbuilding and Offshore Engineering KSOE a shipbuilding unit of.

Seoul - South Koreas Hyundai Heavy Industries Co. The EU Singapore Korea Japan and China.

One of South Koreas biggest shipping. While merger talks between South Korean shipping companies Hanjin and Hyundai Merchant Marine lines hit the newspapers the latter has refuted rumors that the government asked the carrier to merge. The approval of the merger has been under an in-depth probe in the EU since 2019.

Hyundai Heavy Industries to merge shipbuilding offshore units streamline by 20. Fell the most in more than two years in Seoul trading after a report of a possible merger with Hanjin Shipping Co. Clock still stopped on EU probe of Hyundai-DSME-merger 15 June 2021 The in-depth investigation into the acquisition of Daewoo Shipbuilding Marine Engineering DSME by Hyundai Heavy Industries.

The worlds 14th largest container line in terms of vessel capacity HMM. Hyundai Heavy Industries Group will transfer its LNG ship building technology to the medium-sized shipbuilders to facilitate its merger with Daewoo Shipbuilding Marine Engineering. The headquarters of Hyundai Merchant Marine are seen in Seoul on June 10.