Report: DSME, HHI Merger Facing Full Probe in EU

first_imgThe 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 anti-trust concerns after the European Commission reveals the results of its preliminary review set for December 17.The report emerges one week after Singapore’s regulatory authorities raised concerns that the potential USD 2 billion tie-up is likely to remove competition between suppliers of LNG carriers and possibly large containerships and large oil tankers.As a result, the Competition and Consumer Commission of Singapore is about to launch an extensive and detailed review of the planned merger.Both reviews are expected to result in the shipyard offering concessions to address potential competition concerns, such as sell-off of assets.Hyundai Heavy said it was working with Singaporean authorities to remove the concerns in question, however, concrete actions in that respect are yet to be revealed.The deal has already secured a green light in late October from Kazakhstan, while decisions from regulators in South Korea, China, Japan are yet to be announced.World Maritime News Stafflast_img read more

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Deadline approaches for Continuous Conservation Reserve Program enrollment

first_imgBrookville, In. — Farm Service Agency (FSA) Administrator Richard Fordyce reminded producers today that the deadline to sign up for enrollment in the Conservation Reserve Program (CRP) is Friday, Aug. 17, 2018.“Any agricultural producer that has eligible land should review the benefits of this program,” said Fordyce.  “It removes from production marginal, erodible land and, in doing so, improves water quality, increases wildlife habitat and provides more opportunities for recreational activities, including fishing, hunting and wildlife viewing.”For this year’s signup, limited priority practices are available for continuous enrollment. They include grassed waterways, filter strips, riparian buffers, wetland restoration and others. View a full list of practices.FSA will use updated soil rental rates to make annual rental payments, reflecting current values. It will not offer incentive payments as part of the new signup.USDA will not open a general signup this year, however, a one-year extension will be offered to existing CRP participants with expiring CRP contracts of 14 years or less.CRP GrasslandsAdditionally, FSA established new ranking criteria for CRP grasslands. To guarantee all CRP grasslands offers are treated equally, applicants who previously applied (prior to the current sign-up period) will be asked to reapply using the new ranking criteria.last_img read more

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