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亚马逊云账号( blocks mega-merger of South Korean shipbuilders



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The European Union has been notified of the merger of the two of the largest shipyards in the world in November 2019, and opened an in-depth investigation the following month. – EPA pic, January 13, 2022.

THE European Union (EU) blocked the merger of two South Korean ship-making giants today, over concerns the deal will restrict the supply of large liquefied gas carriers, posing a threat to the energy security in Europe.

The takeover of Daewoo Shipbuilding & Marine Engineering by rival Hyundai Heavy Industries Holdings “will create a dominant position by the new merged company and reduce competition in the worldwide market for liquefied natural gas (LNG) carriers”, said the European Commission.