ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Engineering & Construction

Blocked Hyundai-Daewoo merger leaves shipbuilders at sea

Industry hoped consolidation would bolster prices driven down by competition

Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering hold a combined 60%-plus share of the market for large LNG carriers, according to EU authorities.

SEOUL/TOKYO/DALIAN, China -- Europe's rejection of Hyundai Heavy Industries' acquisition of Daewoo Shipbuilding Marine & Engineering has scuppered what would have been a major step toward consolidation in an industry where excessive competition weighs heavily on profits.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more