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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

The merger of Daewoo Shipbuilding & Marine Engineering (DSME) and Hyundai Heavy Industries (HHI) will create a powerhouse with an order backlog of nearly US$50 billion and over 20 per cent of global market share.


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...

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