South Korea proceeds with consolidation of shipbuilding to compete in LNG and tankers

Tuesday, 05 February 2019

South Korea’s shipbuilding industry, the largest builder of LNG carriers, is advancing with plans for consolidation and an overhaul organized by state-run Korea Development Bank, with Hyundai Heavy Industries, the world's largest shipbuilder by sales, being offered the bank’s controlling stake in Daewoo Shipbuilding and Marine Engineering.

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