On Tuesday 17 December, the European Commission opened an in-depth investigation to assess the proposed acquisition of Daewoo Shipbuilding & Marine Engineering CO., Ltd (DSME) by another shipbuilding group, Hyundai Heavy Industries Holdings (HHIH).
The Commission is concerned that the merger may reduce competition in several global cargo shipbuilding markets.
Maritime transport represents 30% of EU internal freight trade and 90% of EU external freight trade. European shipping companies...