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Green Marine

about 18 years ago

POSCO’s Daewoo Shipbuilding Bid Sparks Fear of Unfair Competition

After POSCO having expressed its intention to make an independent bid for Daewoo Shipbuilding & Marine Engineering (DSME), concerns have risen that the possible acquisition might hurt “fair competition’’ among shipbuilders. Experts say the acquisition, if realized, is highly likely to prompt the wor

1 minutes read

After POSCO having expressed its intention to make an independent bid for Daewoo Shipbuilding & Marine Engineering (DSME), concerns have risen that the possible acquisition might hurt “fair competition’’ among shipbuilders.

Experts say the acquisition, if realized, is highly likely to prompt the world’s fourth-largest steel maker to create a monopoly in the steel industry at a time when steel prices for constructing vessels are unexpectedly high due to a supply and demand imbalance.

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