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Hyundai Bids for Daewoo Shipbuilding

Maritime Activity Reports, Inc.

October 14, 2008

Hyundai Heavy Industries, the world's biggest shipbuilder, has submitted a final bid for local rival Daewoo Shipbuilding & Marine Engineering. Top shareholders of Daewoo are selling a 50.4 percent stake in the world's No. 3 ship maker.

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