KSOE merger with DSME approved by China

China's antitrust watchdog has approved the merger between two Korean shipbuilding companies, sources said Monday, possibly paving the way for the creation of the world's largest shipyard.

2020-12-28

DSME signs letter of intent for 10 dual-fuel VLCCs

Daewoo Shipbuilding & Marine Engineering (DSME) signed a letter of intent to build 10 very large crude-oil carriers (VLCCs) that run on liquefied natural gas (LNG).

2020-12-07

DSME fined ￦15.3 billion for mistreating subcontractors

Daewoo Shipbuilding & Marine Engineering (DSME) was hit with a 15.3-billion-won ($13.8 million) fine for mistreating its subcontractors, including forcing them to accept contract prices below labor cost, the Fair Trade Commission (FTC) said Sunday.

2020-11-29

DSME successfully tests LNG bunkering in its dockyard

Daewoo Shipbuilding & Marine Engineering (DSME) has successfully tested a process that allows the shipbuilder to load liquefied natural gas (LNG) to a vessel within its own dockyard.

2020-11-26

DSME signs 2 trillion won deal for six LNG carriers

Korea's No. 2 shipbuilder, Daewoo Shipbuilding & Marine Engineering (DSME), said Monday that it has signed deals worth 2 trillion won ($1.7 billion) to build six liquefied natural gas (LNG) carriers for two European companies.

2020-10-12

EU probe of Hyundai Heavy-DSME merger halted again

European Union antitrust regulators halted an investigation into the merger of Hyundai Heavy Industries Holdings and Daewoo Shipbuilding & Marine Engineering (DSME) for the third time.

2020-07-15

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