China, Japan, Singapore pushing for mergers in shipbuilding industry

Seoul - China, Japan and Singapore are pushing for mergers in the shipbuilding industry with a business combination review going on for Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering, which are the two largest shipbuilders in the world

Seoul - China, Japan and Singapore are pushing for mergers in the shipbuilding industry with a business combination review going on for Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering, which are the two largest shipbuilders in the world. In China, the State-owned Assets Supervision and Administration Commission (SASAC) approved a merger between China State Shipbuilding Company (CSSC) and China Shipbuilding Industry Company (CSIC) in November last year, which resulted in the establishment of China Shipbuilding Group (CSG). Each of CSSC and CSIC has 10 shipyards. At present, their competitiveness related to high value added ships is regarded as being lower than that of the South Korean shipbuilders.

Read more

©RIPRODUZIONE RISERVATA

Argomenti: