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SGX shipbuilders could gain from merger of world's 2 largest yards

PC Lee
PC Lee2/4/2019 11:14 AM GMT+08  • 2 min read
SGX shipbuilders could gain from merger of world's 2 largest yards
SINGAPORE (Feb 4): The integration between Korean mega shipbuilders Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME) spells good news for Singapore-listed shipyards.
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SINGAPORE (Feb 4): The integration between Korean mega shipbuilders Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME) spells good news for Singapore-listed shipyards.

That’s because with the consolidation, Sembcorp Marine (SMM), Keppel Offshore & Marine (KEP O&M) and Yangzijiang Shipbuilding will get a chance to gain market share in the O&M and shipbuilding space, said CGS-CIMB Securities in a report last week.

More immediately, CGS-CIMB expects SMM to benefit more “given its hunger for establishing a track record in the newbuild floating production storage and offloading (FPSO) arena”.

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