Report: DSME, HHI Merger Facing Full Probe In EU

The proposed mega-merger of South Korea’s top-tier shipbuilders Daewoo Shipbuilding & Marine Engineering (DSME) and Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding spinoff of Hyundai Heavy Industries Group, is reportedly about to be subject of a full-scale probe in the EU, Reuters writes citing industry sources. The investigation is expected to be launched next week amid…

ACCC Taking TasPorts To Court For Alleged Misuse Of Market Power

The Australian Competition and Consumer Commission (ACCC) has instituted Federal Court proceedings against Tasmanian Ports Corporation (TasPorts) for the alleged misuse of market power by the state-owned port owner. According to ACCC, TasPorts, which owns all but one port in northern Tasmania, sought to stop a new entrant, Engage Marine Tasmania from competing effectively with…