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Hyundai Heavy

Hyundai Heavy Industries Says Profit Up

Hyundai Heavy Industries Co. last week posted a more-than-fivefold increase in second-quarter net profit amid higher ship prices and lower steel costs. Hyundai Heavy reported net profit of $200m in the three months ended June 30. Hyundai Heavy received $5.01 billion worth of new shipbuilding and offshore structure orders in the January-June period. Its backlog orders totaled 236 vessels valued at $19.8 billion at the end of June, which will occupy its dockyards for next three years, the Houston Chronicle reported. (Source: Houston Chronicle)


Hyundai Heavy Reports 1Q Loss

South Korea's Hyundai Heavy Industries, the largest shipbuilder in the world, reported a first-quarter loss on Friday after it was hit by losses at sister firm Hyundai Petrochemical. But Hyundai Heavy said it would chalk up large profits by the end of the year, as a flood of backlogged orders would keep the yard busy for the next two and a half years. Hyundai Heavy said it incurred a 81.9 billion won ($62.92 million) net loss during the January-March period, compared to a net profit of 42


Hyundai Wins Bulker, Containership $400M Deal

Hyundai Heavy Industries Co. won $400 million in orders from Greece to build five containerships and four bulk carriers. Hyundai Heavy said the 5,500 TEU containerships will be delivered to Greece's Costamare Shipping Co. between late 2000 and the first half of 2001. The bulk carriers, all 75,000-gt class, are scheduled for delivery to Arcadia Shipmanagement Co. of Greece by the end of 2001. Hyundai Heavy said with the orders from Greece its shipbuilding orders this year rose to $2


Hyundai Heavy Gets $300M Order

Hyundai Heavy Industries Co. won a $300 million order for five container ships from Japanese ship operator Kawasaki Kisen (K-Line). Hyundai Heavy officials said the container ships will be 5,600 teu each. They are to be delivered in the second half of 2001.


Hyundai Heavy Foreign Ship Orders At $440M

Hyundai Heavy Foreign Ship Orders At $440M South Korea's Hyundai Heavy Industries Co. won $440 million in foreign shipbuilding orders for 11 vessels so far this month. The details are as follows: -Taiwan's Yangming Marine Transport Corp. ordered two 5,500 teu container carriers -A Greek shipping firm ordered two 172,000 dwt bulk carriers -An Indian shipping firm ordered one 75,000 dwt bulk carrier -South Africa's Safbulk ordered four 172,000 dwt bulk carriers


Hyundai Heavy $600M Order for LNG Carriers

* Photo: Abdelkader, LNG Carrier Hyundai Heavy built and selected as one of the world’s best ships in 2010.

Hyundai Heavy Industries, the world’s largest shipbuilder, won a $600 million order to build two 155,000 m3 LNG carriers, including an option for another same class vessel, from Greece-based Dynagas Ltd. These membrane-type LNG carriers are due for delivery in the second half of 2013. They will feature the Dual Fuel Diesel Engine System which allows the ship to run on oil fuel or natural gas. Due to tightening global regulations on carbon emissions


Hyundai Heavy, Baoshan Sign MoU

Hyundai Heavy Industries Co., Ltd. disclosed that it had signed a Memorandum of Understanding with Baoshan Iron & Steel Co., Ltd. to import wide and heavy plates for shipbuilding. Hyundai Heavy Industries plans to import 180,000 tons of steel plates from Baosteel yearly. Both declined to disclose the price of the deal to keep trade secret. Hyundai Heavy Industries said that the price was lower than that offered by Japanese steelmarkers and a South Korean report said that South Korea would


Korean Shipbuilders Place in Top 10 for June Orders

Korean shipbuilders occupied seven out of the top 10 positions in the world last month in terms of orders. Hyundai Heavy Industries was the world’s largest shipyard in terms of order backlog as of late June with 11.74 million compensated gross tons (CGT), British shipbuilding market researcher Clarkson reported. Samsung Heavy Industries came second with an order backlog of 8.27 million CGTs, followed by Daewoo Shipbuilding & Marine Engineering (DSME) with 7


Hyundai Wins $843m Order

Hyundai Heavy Industries Co., reportedly won a $843m deal to build six container ships, according to a report on www.kois.go.kr. According to the report, Hyundai will deliver the vessels by May 2011. This year, Hyundai Heavy plans to deliver 134 ships, and expects to win $27.4b worth of orders. (www.kois.go.kr)


Hyundai Heavy To Build Two VLCCs

South Korea's Hyundai Heavy Industries has reportedly signed a memorandum of understanding with Overseas Shipholding Group Inc. to build two 308,000-ton VLCCs. A Hyundai official said the ship prices were confidential. The ships will be 335 meters long, 31 meters deep and 58 meters wide, and will be delivered between August 2001 and January 2002, Hyundai officials said.


Seaspan Takes Delivery of New Containership

Image: Seaspan Corporation

 Seaspan Corporation (SSW) has accepted delivery of a 14000 TEU containership, the YM Wellhead.    The new containership, which was constructed at Hyundai Heavy Industries Co., Ltd., is Seaspan's second 14000 TEU SAVER design containership and third delivery in 2015.  


MacGregor's Pusnes bow loading systems for Suezmax Tankers

The Pusnes bow loading system enables a shuttle tanker to safely and efficiently load oil from an offshore production or storage facility

  MacGregor, part of Cargotec, has secured contracts to supply Pusnes bow loading systems for three newbuild shuttle tankers intended for operations in Brazilian waters. The order was booked into first quarter 2015 order intake.  


GTT Seeks to Industrialize its Mark V Tech

Gaztransport & Technigaz (GTT) informs it has signed a cooperation agreement with the South Korean shipbuilder Samsung Heavy Industries to industrialize its new Mark V technology, adding that a second agreement is also being finalized with Hyundai Heavy Industries.  


Cochin Shipyard in Pact with Samsung Heavy Industries

Image: Cochin Shipyard Ltd.

 India's state-owned Cochin Shipyard Ltd (CSL) has entered into a Memorandum of Understanding (MoU) with Korean firm Samsung Heavy Industries for technology partnership in constructing liquefied natural gas (LNG) carrying vessels, reports local media.  


HHI Orders Refrigeration, Cold Stores for FPSO

Photo courtesy of ALMACO

Goliat, the first cylindrical floating production, storage and offloading (FPSO) vessel on the Norwegian Continental Shelf built for Eni Norge and partner Statoil at Hyundai Heavy Industries (HHI), will feature ALMACO’s cold stores and refrigeration machinery.  


Seaspan Acquires First 14000 TEU Boxship

Logo

Seaspan Corporation has accepted delivery of a 14000 TEU containership, the Yang Ming Wish.   The new containership, which was constructed at Hyundai Heavy Industries Co., Ltd., is Seaspan's first 14000 TEU SAVER design containership and second delivery in 2015


ABG Ties Up with GTT for LNG Technology

Pic: ABG Shipyard

 ABG Shipyard Ltd has tied up with Gaztransport and Technigaz (GTT) of France for the maritime transportation and storage of liquefied natural gas (LNG), reports Livemint.   With this pact, ABG has become the third Indian company to secure technology collaboration to build LNG carriers


HHI’s 2014 Results Fall Short

The world’s biggest shipbuilder, Hyundai Heavy Industries (HHI), held its 41st Annual General Meeting of Shareholders in Ulsan, South Korea.   The meeting agenda included approval for the financial statements, and the ceiling for the Board of Directors’ remuneration as well as


Hamburg Süd Christens Third San Class Ship

Christening in Montevideo: (left to right) Captain Uwe Köhler, Roland Maier, Sponsor Elisa Maier and Frank Smet, member of the Hamburg Süd Executive Board (Photo: Hamburg Süd)

Hamburg Süd christened its third container vessel in the new San class yesterday, officially naming newbuild San Vicente at the Cuenca del Plata terminal in Montevideo.   The new ship class in the Hamburg Süd fleet has a nominal container slot capacity of around 9


HHI to Add Massive Heavy Lift Vessel

Hyundai-10000 Heavy Lift Vessel (Photo: HHI)

Hyundai Heavy Industries to add 10,000 ton heavy lift vessel to its offshore facility-building infrastructure legion   Shipbuilder and offshore facilities contractor Hyundai Heavy Industries Co., Ltd. (HHI) informs that its shipbuilding affiliate, Hyundai Samho Heavy Industries


Petronas, HHI Novation Agreement with MISC

LNG Ship Puteri Firus (Image by MISC Bhd )

 Malaysia’s MISC Bhd and parent Petroliam Nasional Bhd (Petronas) have agreed to build new liquefied natural gas (LNG) carriers worth US$1.1 billion and charter them to another unit owned by the national oil and gas company for up to 20 years.   


ABS Awards AIP for Next-generation Drillship

Image: Hyundai Heavy Industries

ABS  has awarded approval in principle (AIP) for Hyundai Heavy Industries' next-generation HD12000 heavy duty, wide beam drillship design. The drillship, which can accommodate a 20,000-psi blowout preventer system, has been designed in full compliance with the ABS Guide for the


HHI, HSL Ink Pact to Build Submarines

HSL Layout (Image: Hindustan Shipyard Limited)

Hyundai Heavy Industries (HHI), world’s largest shipbuilder, signed memorandum of understanding (MoU) with Hindustan Shipyard Limited (HSL) to build submarines for India as part of a 40-year program to strengthen the nation’s naval forces. 


Hyundai Merges Offshore and Plant Divisions

Image: Hyundai Shipbuilding Division

 To improve efficiency Korea’s Hyundai Heavy Industries (HHI) announced its intention to merge its plant division into the offshore business. The world's biggest shipbuilder said that they will take place after current projects are completed.


Great Ships of 2014: Linda Oldendorff

 First of Six 208,000 dwt bulk carrier HHI built

The 208,000 DWT Bulk Carrier Linda Oldendorff built at Hyundai Heavy Industries Co., Ltd. (HHI) was delivered to Oldendorff in Germany on September 30, 2014. It is the first in a series of six. The vessel has flush deck with forecastle, bulbous bow, transom stern






 
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