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EU resumes probe of KSOE-DSME merger

The European Union's antitrust regulator is resuming an investigation into a proposed merger of two Korean shipbuilders that it suspended last year.

2021-11-23

Carrier contract

DSME CEO Lee Sung-geun, right, poses with Angelicoussis Group CEO Maria Angelicoussis to celebrate signing a shipbuilding deal. In the 486.7 billion won deal, DSME will construct two LNG carriers for Maran Gas Maritime by November 2024.

2021-11-11

DSME admits hacking attempts last week

Daewoo Shipbuilding & Marine Engineering (DSME) announced hacking attempts were made last week, but no defense or security-related information was grabbed.

2021-10-31

Shipbuilders have fat order books for 2021

Korea's three major shipbuilders have surpassed their targets for ship orders this year.

2021-09-20

KDB chair criticizes FTC for delaying key mergers

The head of the Korea Development Bank (KDB) openly criticized the country's antitrust agency for its lack of support for the ongoing mergers of major Korean companies, such as the merger of Korean Air and Asiana Airlines.

2021-09-13

Korea signs deal with DSME to build new submarine

Daewoo Shipbuilding & Marine Engineering (DSME) won a 985.7 billion won ($845 million) contract to supply a single submarine to Korea's Defense Acquisition Program Administration.

2021-09-10

DSME took a dive in first half from increased expenses

Daewoo Shipbuilding & Marine Engineering (DSME) said Tuesday that it swung to a net loss in the first half from a year ago due to increased costs and allowances.

2021-08-17

Order books fill up for shipbuilders in 2021

Shipbuilders have hit 70 percent of their targets for orders this year, but earnings are not living up to expectations.

2021-07-26

KSOE-DSME deal deadline extended by three months

Korea Shipbuilding & Offshore Engineering (KSOE) said Wednesday that it has agreed with a state-run lender to extend a deal to buy Daewoo Shipbuilding & Marine Engineering (DSME) by three months.

2021-06-30

DSME sets up ESG division to support eco-friendly business

Daewoo Shipbuilding & Marine Engineering (DSME) set up an ESG division to support its eco-friendly business in step with increasing renewable energy use in the shipbuilding industry, the shipbuilder said Thursday.

2021-06-24

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