Shipbuilding Industry

Hyundai Heavy’s U$14.8 Bn Split Flings Doors Wide Open for Deals

In a major move that has opened up the doors to a number of deals in the shipbuilding industry, Hyundai Heavy Industries Co. on Wednesday split into four entities, with the combined market value amounting to US$14.8 billion. The second-largest shipbuilder in the world, Hyundai Heavy’s move is driven by its attempt to save all of its divisions from a financial crisis. The shipping conglomerate has divided its operations into