Hyundai Heavy Ind. Co., Ltd.
Hyundai Heavy Industries News
HHI Bags $390mln Order for 2 LNG Carriers
South Korean shipbuilding giant Hyundai Heavy Industries (HHI) said it received an order to build two liquefied natural gas (LNG) carriers for an unidentified European…
Hyundai Heavy Swings to Black in Q1
South Korea's shipbuilding major Hyundai Heavy Industries (HHI) has made an unexpected turnaround by posting 28.1 billion won (US$24.1 million) in operating profit…
Hyundai Wins New Order for LNG Vessel
South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has won an order for a 174,000 cbm liquefied natural gas (LNG) carrier.With the latest contract with a Greek shipowner…
Hyundai Heavy Sells Oil Stake to Saudi Aramco
South Korean shipyard Hyundai Heavy Industries sells its share of oil refinery Hyundai Oilbank to Saudi Arabian oil giant Saudi Aramco.According to a press release…
Update: Maersk Honam Heads for Rebuild
The sound part of the vessel Maersk Honam, which was hit by a serious fire last year, is being transported to Hyundai Heavy Industries Shipyard in South Korea, where it will be rebuilt. The sound section of Maersk Honam was successfully loaded aboard the heavy-lift vessel Xin Guan Hua on open waters outside Dubai (UAE) on Saturday, 2 February. It was expected to pass Singapore Strait on Monday, 18 February 2019.
World's Largest Shipbuilders in $2 Bln Mega-merger
Resulting entity would control about 20 pct of global market; Daewoo shares rally 22 pct; Hyundai Heavy shares fall.Hyundai Heavy Industries, the world's biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1.98 billion) to take over second-ranked Daewoo and create a global heavyweight controlling over 20 percent of the market.The move comes as the worldwide shipbuilding sector recovers from a global economic downturn that led to massive losses…
Hyundai Heavy Seeks to Acquire DSME
South Korea's "Big Three" shipbuilders may soon become the "Big Two". South Korea’s Hyundai Heavy Industries (HHI) has expressed interest to buy its rival Daewoo…
Hyundai Heavy Mulls Stake in rival Daewoo
South Korea's Hyundai Heavy Industries Group, the world's biggest shipbuilder, is interested in buying a stake in second-ranked rival Daewoo Shipbuilding & Marine Engineering, a Hyundai official told Reuters on Wednesday.The comments follow the group's holding firm saying on Monday it planned to sell part of its stake in refiner Hyundai Oilbank to Saudi Aramco for as much as 1.8 trillion won.State-funded Korea Development Bank (KDB) holds a 55.7 percent stake worth 2.16 trillion won ($1.94 billi
Hyundai Heavy Industries Wins New Orders on Tanker Vessels
Hyundai Heavy Industries Co., Ltd (HHI) announced that it won an order to build two crude carriers from a shipping company based in Europe.The ships would be built…
South Korean Shipbuilding No.1 Again
South Korea’s shipbuilding industry reclaimed the title of world’s biggest shipbuilder (in terms of orders volume) in 2018 for the first time in six years, since…
Hyundai Heavy Industries Eyes USD 15.9bln Order for 2019
South Korea's shipbuilding giant Hyundai Heavy Industries (HHI) has set a 2019 shipbuilding total sales target of USD15.9 billion.According to the Yonhap News Agency…
Empty Shipyard: "Hyundai Town" Grapples with Uncertain Future
Hyundai has outsized influence over town's economy, population; Ulsan could be South Korea's Rust Belt in the making.When Lee Dong-hee came to Ulsan to work for Hyundai Heavy Industries five years ago, shipyards in the city known as Hyundai Town operated day and night and workers could make triple South Korea's annual average salary.But the 52-year-old was laid off in January, joining some 27,000 workers…
TOP Ships Concludes Suezmax Financing
TOP Ships, an international owner and operator of modern, fuel efficient “ECO” tanker vessels currently focusing on the transportation of crude oil and petroleum products…
Inside the LNG Shipbuilding Boom
South Korean shipyards have seemingly boxed out rivals from the market for building large ships carrying liquefied natural gas (LNG), winning all of the orders for the next three years worth more than $9 billion.Three South Korean yards - Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries and Samsung Heavy Industries - have won the more than 50 orders placed for new large-scale LNG tankers for delivery in the next three years…
KOTC Orders Three LPG Tankers from Hyundai
Kuwait Oil Tanker Co. (KOTC), a subsidiary of Kuwait Petroleum Corporation, has ordered three giant liquefied petroleum gas tankers (LPG) from Hyundai Heavy Industries (HHI)…
Hyundai Heavy Industries Gets Cyber Security-Ready Notation from ABS
Classification society ABS and Hyundai Heavy Industries (HHI) collaborated to develop cyber security requirements for the ABS Cyber Security-Ready (CS-Ready) Notation…
Another Ballast Treatment System Receives USCG Nod
Marine Safety Center issues Ballast Water Management System Type Approval Certificate to Hyundai Heavy Industries Co., Ltd.The Marine Safety Center issued the 11th U.S.
ABS Awards AIP to HHI’s Deepwater FLNG Hull
ABS granted Approval in Principle (AIP) to Hyundai Heavy Industries’ (HHI) Deepwater Floating Liquefied Natural Gas (FLNG) hull design.HHI advises the Newbuilding…
HHI to Build FPS for LLOG Exploration
South Korean shipbuilder Hyundai Heavy Industries (HHI) has been awarded a contract to build a floating production system(FPS) for LLOG Exploration of the U.S..HHI…
GTT Bags Order for Capital Gas Newbuilds
GTT said it received an order from the Korean shipyard Hyundai Heavy Industries (HHI) concerning the tank design of four new liquefied natural gas (LNG) carriers…