The European Commission prohibited acquisition of Daewoo Shipbuilding & Marine Engineering CO Ltd. (DSME) by Hyundai Heavy Industries Holdings (HHIH) as the merged company would have created a dominant position and reduced competition in the market for the construction of large liquified gas carriers. The press release dated 13 Jan 2022 about the decision of the European Commission is available at https://ec.europa.eu/commission/presscorner/detail/en/ip_22_343