Singapore competition watchdog clears S Korean shipbuilders' merger

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

THE Competition and Consumer Commission of Singapore (CCCS) has cleared the proposed merger between Korea Shipbuilding & Marine Engineering (KSOE) and Daewoo Shipbuilding & Marine Engineering (DSME). Read more at The Business Times.

The two parties are also close competitors in the relevant markets.

These alternative suppliers have sufficient excess capacities to satisfy a significant portion of any demand that switches away from the merged entity, in the event the merged entity raises prices. KSOE's Singapore branch operates as a sales office. The company produces a range of commercial vessels, including oil tankers, containerships, liquefied natural gas carriers and liquefied petroleum gas carriers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines