Merger of 1st and 2nd Shipyards in the World
Global Shipbuilding Market is Sulky!
1 + 1 = Global No.1
The acquisition of Daewoo Shipbuilding & Marine Engineering by Hyundai Heavy Industries became visible. Hyundai Heavy Industries Group, together with the Korea Development Bank, will establish a holding company in Korea to acquire DSME. Then it becomes a super shipbuilder who builds one fifth of the world’s ships. As of end-2018, Daewoo Shipbuilding & Marine Engineering is ranked first in the order backlog of Hyundai Heavy Industries Group. Combining the order backlogs of the two companies is three times that of the third Imabari shipyard.
Largest Beneficiary of the LNG Carrier Market
Share Technology for Win-Win
In particular, the two shipbuilders can share their specialized skills through mergers. Hyundai Heavy Industries is expected to widely use the liquefaction technology of the LNG carriers of Daewoo Shipbuilding and Daewoo Shipbuilding will be able to share the scrubber technology of Hyundai Heavy Industries. In addition, we can expect synergy of special purpose ship technology such as icebreaker, submarine, and warship. As a result, higher productivity will lead to cost savings, which will lead to greater competitiveness in order receipts.
16 docks can produce a huge competitive advantage!
It looks good to expect.