Chantiers de l’Atlantique-Fincantieri merger delayed until year-end

to a judgment on the merger. In October 2019, Brussels decided to open an in-depth investigation into the proposed merger following objections from cruise ship companies Carnival and Royal Carribean, and labour unions. The French Senate is concerned about possible job losses in France and there are also concerns about potential intellectual theft in China where Fincantiei has a joint venture with China’s CSSC on the cruise ship building industry. The China State Shipbuilding Corporation is the largest shipbuilding conglomerate in the world. Headquartered in Beijing, the CSSC handles mostly shipbuilding activities. Copyright (C) PortSEurope. All Rights Reserved. 2020.