BlackRock ups DSME stake

BlackRock ups DSME stake

The world’s largest fund operator BlackRock has increased its stake in Daewoo Shipbuilding & Marine Engineering (DSME) to 5.57%, becoming the third biggest shareholder in the yard, just behind two Korean banks.

After a massive restructuring in the last couple of years DSME is finally back on track, having secured nearly $6bn in new orders this year including a raft of LNG carriers.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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