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Korean shipbuilders merge; ripples reach Singapore

Mega-merger sparks talk of more contracts for local yards, as well as possibility of similar unions

Anita Gabriel
Published Wed, Feb 6, 2019 · 09:50 PM

    Singapore

    SOUTH Korea's giant merger between the world's two largest shipbuilders could shake up Singapore-listed yard and offshore players in more ways than one, aside from the oft-speculated but yet-to-materialise consolidation here.

    For one, the leading offshore firms and shipbuilders on the Singapore Exchange could land more jobs as South Korean stalwarts Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME) iron out the creases that will likely arise over the integration process.