What is happening: Hyundai Heavy Industries are hoping to purchase majority stakes in fellow shipyard Daewoo Shipbuilding & Marine Engineering.
Merger: This acquisition would see two of the world’s largest shipyards merge together. It would see a combined order book of around 180 ships.
DSME: Profits have slumped for the shipyard in recent years. Reports also suggest that the Korean Development Bank is keen to offload DSME stakes, as it is sick of bailing out the company.
Boost: However, last year saw the start of a boost in tanker orders, which could in turn boost the sale price of DSME. There has been a growing number of orders for liquified natural gas tankers, and these vehicles fetch a higher price.