PHOTO CREDIT: SHIPS &  PORTS archive
News

Hyundai eyes stake in Daewoo Shipbuilding

World’s biggest shipbuilder, Hyundai Heavy Industries Group is interested in buying a stake in fellow Korean rival, Daewoo Shipbuilding & Marine Engineering, a Hyundai official told Reuters on Wednesday. “Hyundai […]

Daewoo Shipbuilding ups self-rescue measures
News

Daewoo Shipbuilding ups self-rescue measures

Driven by the decrease in new shipbuilding orders, the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME) said that it plans to undertake a KRW2.5 trillion (USD2.1 billion) self-rescue plan during […]