rss icon Subscribe
desktop mobile

EU Again Halts Probe into Korean Shipbuilding Tie-up

© Angelika Bentin / Adobe Stock

EU antitrust regulators have again halted their investigation into world No. 1 shipbuilding group Hyundai Heavy Industries' $1.8 billion merger with Daewoo Shipbuilding & Marine Engineering, a European Commission filing showed.

This is the third time the EU competition enforcer has halted the probe, having done so previously while waiting for details and due to delays related to the coronavirus crisis.

The Commission warned in December that the deal to create a company with a 21% market share could push up prices, saying that European shipping companies, among the two shipbuilders' biggest customers, may be affected.


(Reporting by Foo Yun Chee; editing by Jason Neely)

Jul 14, 2020

 

Legal

US Imposes Fresh Sanctions on Iran

© R. Jeff Huth / Adobe Stock

The United States on Friday sanctioned companies in Iran, China and the United Arab Emirates for

Deal on Marine Mammal Oil Spill Response Program for Western Alaska

Photo: The Alaska Chadux̂ Network (ACN) and the Alaska SeaLife Center (ASLC)

The Alaska Chadux̂ Network (ACN) and the Alaska SeaLife Center (ASLC) have finalized an agreement

Report: Nord Stream 2 Set to Resume Pipelaying Works in Danish Waters

Fortuna pipelayer - Photo by Christoph Brilke/MarineTraffic.com

The Russia-led Nord Stream 2 consortium said on Thursday that work to lay its subsea gas pipeline

Shipbuilding

New Tug Delivered to Svitzer Australia

Svitzer North (Photo: bert Allan Ltd.)

Svitzer Australia recently took delivery of a new RAstar 3000-W series ASD tug, Svitzer North

Wolfson Takes the Helm at Norfolk Naval Shipyard

Captain Dianna Wolfson took the helm January 15 as the 110th commander of Norfolk Naval Shipyard (NNSY) and first female leader in its 253-year history. (Photo: Shelby West / Norfolk Naval Shipyard)

Captain Dianna Wolfson took the helm Friday as the 110th commander of Norfolk Naval Shipyard

Video: Costa Toscana Floated Out at Meyer Turku

(Photo: Meyer Turku)

The liquefied natural gas (LNG)-powered, 185,000 GT cruise ship Costa Toscana was floated out to

Maritime Apps