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Ship For Sale

Will the Korean mammoth merger ever happen?

merger

The European Union (EU) again delays approval on Hyundai Heavy Industries’ acquisition plans Hyundai Heavy Industries Holdings Co’s (HHIH) plans to acquire Daewoo Shipbuilding and Marine Engineering Co (DSME) was announced in March 2019. After 3 rounds of adjournment to review possible implications from this massive deal, the EU dishes …

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Is Korea resuming its journey to revive the shipping sector?

Korea

Korea’s mission to revitalise its shipping sector was earlier thwarted, however…. HMM just splurged $1.57 billion for 12 13,000 teu box ships order, split between Korean shipyards: Daewoo Shipbuilding & Marine Engineering and Hyundai Merchant Marine. Each will construct six vessels, and deliveries are scheduled in the first half of …

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Race to the top with second hand vessels

second hand vessels

Second hand vessels proved to be more popular with top carrier Mediterranean Shipping Company (MSC) has been acquiring second hand vessels. Some industry observers speculated these investments are MSC’s attempts to overtake Maersk as the world’s largest carrier. Tight competition between top 2 carriers The fleet operating difference between Maersk …

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Will China become a maritime powerhouse?

Convidecia

Newbuildings are steadily climbing, labour gap narrowed by the single-dose Convidecia The single-dose Ad5-nCoV (trade name Convidecia) is hugely popular in China. About 450 million doses were administered across China as at 19 May 2021 – and tremendously enhanced China’s geopolitical position. China on rapid recovery mode Chinese companies’ presence …

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