The consolidation of South Korea's Hyundai Heavy Industries and DSME may bode well for shipyards in Singapore which in the short run can grab market share in the offshore market, according to analysts.
As the merged entity will need to focus on integration for one to two years, CGS-CIMB analyst Lim Siew Khee says Keppel Offshore & Marine and Sembcorp Marine could gain an upper hand over their South Korean rival.
