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Hyundai Heavy Industries News
ABS and HHI Team Up for Autonomous Vessel Projects
U.S.-based classification society ABS and South Korean shipbuilding giant Hyundai Heavy Industries (HHI) will work together on a series of projects aiming to advance and integrate autonomous vessel technologies.ABS specialists will work with HHI’s Korea Shipbuilding and Offshore Engineering (KSOE) and its autonomous navigation subsidiary, Avikus, to integrate autonomous and remote-control functions into vessels.
Hyundai, Daewoo Tie-up Faces EU Antitrust Veto
South Korean shipbuilder Hyundai Heavy Industries' proposed acquisition of rival Daewoo Shipbuilding & Marine Engineering Co Ltd is set for an EU antitrust veto after the companies declined to offer remedies to allay competition concerns, people familiar with the matter said.Hyundai, one of the largest shipbuilders in the world and which had announced the deal in 2019 in part due to overcapacity in the sector…
Maersk Unveils Design for Methanol-fueled Containership
A.P. Moller-Maersk this week unveiled images and new design details for its series of eight 16,000 TEU containerships powered by carbon-neutral methanol.The groundbreaking vessels, ordered in August 2021 from South Korea's Hyundai Heavy Industries for expected delivery by early 2024, will feature an innovative dual-fuel engine setup that can operate on methanol and conventional low-sulphur fuel. With 16…
WinGD, HHI-EMD Ink Deal Focused on 'Sustainable' Engine Tech
WinGD and Hyundai Heavy Industries’ Engine Machinery Division (HHI-EMD) signed a joint development agreement to together develop engine solutions that further reduce GHG emissions from methane while improving engine efficiency and footprint for reduced costs. The signing ceremony was hosted by HHI-EMD President & Chief Operating Officer Kwang-hean An and joined by WinGD’s Vice President R&D, Dominik Schneiter and Global Director Sales…
GTT Wins Tank Design Order
French engineering firm GTT announced on Tuesday it has received an order from its partner the South Korean shipyard Hyundai Heavy Industries (HHI) for the tank…
Euronav Signs on Ammonia-fueled Tanker Project
Tanker shipping company Euronav on Tuesday announced it has signed onto a joint development program (JDP) to develop dual fuel ammonia (NH3)-fitted tankers.The company said it will work alongside the world's largest shipbuilder, Hyundai Heavy Industries (HHI), and classification societies Lloyd’s Register and DNV in an effort to accelerate the development of NH3-powered very large crude carrier (VLCC) and Suezmax vessels.
GTT to Design Tanks for Four New LNG Carriers
French engineering firm GTT announced on Wednesday that it has received an order from Korean shipyard Hyundai Heavy Industries (HHI) for the tank design of four…
Noise Pollution: ONEX Peace earns DNV SILENT-E notation, a first for a Merchant Ship
ONEX Peace, an Aframax tanker built by Hyundai Samho Heavy Industries and delivered to its owner ONEX, has become the world’s first merchant ship to receive DNV’s SILENT-E notation. The SILENT-E notation ensures ships do not exceed average-to-moderate Underwater Radiation Noise (URN) levels. Vessels with this notation can minimize their impact on marine life and document noise performance for authorities…
GTT Wins Tank Design Order for LNG Carrier Trio
French engineering firm GTT said it received an order from South Korean shipyard Hyundai Heavy Industries (HHI) for the tank design of three new liquefied natural…
ABS Approves HHI's Design for Mexico-targeted FSO
Maritime and offshore classification society American Bureau of Shipping (ABS) has granted Approval in Principle (AiP) to South Korea's Hyundai Heavy Industries’design for a Floating Storage and Offloading (FSO) vessel that is planned for operations in Mexican waters.The two-million-barrel cargo tank capacity design was reviewed for its compliance with the ABS Guide for Floating Production Installations.“As a leader in offshore classification…
KSS Line Opts for "Smart Ship' Package for Up to 15 Ships
Hyundai Global Services (HGS) has signed a contract to deliver its Smart Ship and Satellite Communications package for up to 15 vessels for South Korean shipping company KSS Line.The Smart Ship and Satellite Communications package is a combination of the Integrated Smart Ship (ISS) solution – an IoT platform for ships, developed by HHI Group to support vessel operation and device optimization – supported by Inmarsat’s Fleet Xpress and digital solution Fleet Connect.
DNV GL Awards GASA to HHI for VLCC Concept
DNV GL has presented Hyundai Heavy Industries (HHI) with a general approval for ship application (GASA) for a new concept of very large crude carriers (VLCCs) with a centreline oil-tight longitudinal bulkhead. The new design will reduce potential damage and operational risk by featuring a simpler structural arrangement, loading patterns and piping arrangements. Vidar Dolonen, DNV GL Regional Manager for Korea & Japan…
Bahri Orders Ten Chemical Tankers from Hyundai for $410M
Saudi Arabia's national shipping company Bahri has ordered ten 49,999-dwt Medium Range (MR) chemical tankers from Hyundai Mipo Dockyard, part of South Korea's Hyundai Heavy Industries (HHI).Bahri said the order, signed at a virtual ceremony, was valued $410 million, meaning $41 million per vessel. The first deliveries are expected in the first quarter of 2022.Seung-Yong Park, Chief Operating Officer and Senior Executive Vice President of HHI…
Hyundai Heavy Industries Consolidates Amid Coronavirus Slump
The world's largest shipbuilder announced plans to streamline its business amid shrunken demand and mounting market challenges stemming from the coronavirus pandemic.Facing reduced contracting activity, South Korea's Hyundai Heavy Industries announced Tuesday that it will combine its shipbuilding and offshore units in a move aimed at consolidating related businesses while also decreasing its number of executives.
Hyundai Heavy Industries Inks Deal with CADMATIC
South Korean shipbuilder Hyundai Heavy Industries (HHI) and Finnish software firm CADMATIC signed a technical cooperation memorandum of understanding (MOU) for the development of next-generation design systems.Through the MOU signed in April, the two companies will carry out cooperation while maintaining the technology partnership to develop next-generation design systems that will be applied to the latest technologies, such as AI, Big Data analysis, advanced modeling and drawing automation.
New Zealand's Largest Ever Naval Vessel Delivered in S. Korea
New Zealand Navy's largest ever ship Aotearoa, built by Hyundai Heavy Industries, is on its way to New Zealand, after Hyundai held a departure ceremony in its shipyard in South Korea on Wednesday.Ordered in 2016, the $493 million Aotearoa is an Auxiliary Oiler Replenishment (AOR) vessel that will be used to support Royal New Zealand Navy’s combat operations, humanitarian relief functions, and operational…
Korean Shipbuilders Get AiP for Ballast Tank Coating
South Korean shipbuilders Hyundai Heavy Industries (HHI) and Hyundai Mipo Dockyard (HMD) have gained Approval in Principal (AiP) for the application of the “solvent free 1 coating system” for ballast water tanks from both the Korean Register of Shipping (KR) and the Liberian Registry.The eco-friendly (solvent free) 1 coating system has been verified for excellent coating quality when compared to the…
Hyundai Heavy Bags Double VLCC Order
South Korea's shipbuilding giant Hyundai Heavy Industries has secured an order to build two very large crude carriers for unnamed European shipowners.The value of the orders for two 300,000-ton VLCCs, which will be equipped with scrubbers to meet IMO emission regulations, is 200 billion South Korean Won ($162.5 million).The VLCCs will be 330 meters long, 60 meters wide, and 29.7 meters high. Hyundai Heavy…
Hyundai Heavy Sheds More Light on Tanker Order
South Korean shipbuilder Hyundai Heavy Industries has shared more details on its newly secured contract to build two crude oil carriers.The company had on Thursday issued a brief statement on the Korea Exchange sharing it had won contracts to build two tankers for a European client. The order value is 149,8 billion South Korean Won, or $122,2 million.In a subsequent release issued on Friday on its website…
Hyundai Heavy Bags $122M Order for Two Oil Carriers
South Korean shipbuilder Hyundai Heavy Industries has said it has won an order to build two crude oil carriers.In a brief statement on the Korea Exchange, Hyundai said the order was worth 149,8 billion South Korean Won, or $122,2 million.Hyundai Heavy Industries said it would build the two crude oil carriers for a European client. It did not provide further details on the client.The deliveries are to be made by mid-February 2022.