Hyundai News

13 Mar 2020

KOTC Adds New Gas Tanker

Image: Kuwait Oil Tanker Company

Kuwait Oil Tanker Company (KOTC) said that it received the giant liquefied natural gas (LNG) tanker, Umm Ruwaisat, as part of a major fleet overhaul.Accoding to Kuwait News Agency (KUNA), KOTC has entered the fourth phase of its fleet overhaul, which entails the delivery of eight carriers, three of which are gas tankers built by South Korean ship building firm Hyundai MIPO.The fourth phase of the fleet development includes the delivery of eight tankers of which three are giant LNG tankers built by Korea’s Hyundai Heavy Industries Co…

11 Mar 2020

NICO International to Rep HHI Turbomachinery

Left to right: Pilakkal Thamban, General Manager – NICO International, and Jin Soo, Ha – Senior Vice President of Hyundai Heavy Industries Turbomachinery Co. Ltd. (Phoro: NICO International)

Hyundai Heavy Industries Turbomachinery Co., Ltd. (HHI – TMC), a turbomachinery business specializing in pumps for marine, nuclear and industrial field, gas and air compressors, and steam turbines, has entered into a service agent agreement with UAE based marine and industrial engineering company NICO International.With the new alliance in place, NICO said it aims to further strengthen the turbomachinery capabilities in the field of marine and industrial pumps and compressors market in the United Arab Emirates region with the expertise of HHI - TMC.

10 Mar 2020

KR Grants AIP to HHI for LNG Dual-fuel Car Carriers

Representatives from KR and HHI at the AIP presentation ceremony (Photo: KR)

The Korean Register has granted approval in principle (AIP) to verify the suitability of a liquefied natural gas (LNG) dual fuel propulsion car carrier developed by Hyundai Heavy Industries (HHI). The AIP covers two pure car and truck carrier (PCTC) vessels with a respective capacity of 7,000 car equivalent units (CEU) and 8,100 CEU.Both vessels are equipped with International Maritime Organization (IMO) type C tanks which are independent self-supporting LNG fuel tanks. The two…

04 Mar 2020

Ship Repair Market to Reach $40Bn by 2026

Image: Cochin Shipyard Limited

Global ship repair and maintenance services market is expected to grow from USD 18.89 Billion in 2018 to USD 39.93 Billion by 2026 at a CAGR of 7.04% during the forecast period from 2019-2026.According to report published by Fior Markets, the key contributing factors for the market growth are increase in the demand for new ships and activities, shortening of supply chains in ship repair and maintenance services, increased seaborne trade against the backdrop of recent economic boom…

04 Mar 2020

Hyundai Merchant Marine Deploys Robots for Hull Cleaning

A underwater robot is deployed to clean the hull of the 5,000-TEU container ship M/V Hyundai Platinum. Photo: HMM

Hyundai Merchant Marine (HMM) has deployed underwater robots to help clean the hull of its vessels."We plans to replace human laborers in a risky environment with underwater robots when it comes to hull cleaning work on its vessels. Underwater robots help to prevent industrial accidents and cut environmental pollution," HMM said in a statement.HMM has signed a cooperation agreement with TAS GLOBAL CO., LTD., a domestic manufacturer specializing in underwater robots.Hull fouling has long been a problem for shipowners…

03 Mar 2020

Wärtsilä to Supply Cargo Handling System for LNG Bunker Vessel

(Image: Wärtsilä)

The technology group Wärtsilä has been selected to supply the cargo handling system for a new 18,000 cbm LNG bunkering vessel. The ship is being built for Korea Line at Hyundai Mipo Dockyard in Korea. The order was placed in January 2020.The contract scope includes the engineering, design, procurement, and commissioning of the overall cargo handling system, including the cargo tank design. The equipment delivery is scheduled to commence at the end of 2020, and the ship is expected to be delivered in early 2022.

26 Feb 2020

GTT Bags Tank Design Order from China Yard

Image: GTT

French LNG containment specialist Gaztransport & Technigaz (GTT) announced that it has received an order from the Chinese shipyard Hudong-Zhonghua Shipbuilding (Group) Co. Ltd for the tank design of two new LNG carriers (LNGC) on behalf of the Japanese ship-owner “K” LINE.Each vessel will offer a capacity of 79,960 m3. GTT will design the tanks of the vessels, which will be fitted with the NO96 L03+ membrane containment system, a technology developed by GTT. The delivery of the vessels is planned during the second quarter of 2022.Philippe Berterottière…

25 Feb 2020

KSS Line Orders 5th VLGC at HHI

Image: KSS Line

South Korean shipping company KSS Line placed an order for the construction of a new class 84,000 cbm Very Large Gas Carrier (VLGC) at compatriot Hyundai Heavy Industries (HHI).According to a statement from the marine transportation business company, this is the fifth VLGC order at the yard. All five VLGCs are scheduled for delivery in 2021."In 2021, when five new VLGCs, including the new vessels, are delivered, sales are expected to exceed KRW 300 billion and continue to grow…

24 Feb 2020

THE Alliance Updates MESN

Image: ONE Minato in Hamburg © HHM / Hasenpusch

THE Alliance, which includes Hapag-Lloyd, Hyundai Merchant Marine (HMM), Ocean Network Express (ONE), and Yang Ming, announced updated details of its 2020 service network, focusing on the Asia-Middle East trade-lane.THE Alliance will introduce three newly organized express loops from early April and the Middle East Service Network (MESN) will provide higher frequency, direct and expanded coverage, and the fastest connection from the respective regions.Hyundai Merchant Marine has become a full member of THE Alliance in January.

18 Feb 2020

GTT Wins 2 LNG Tank Design Orders from Hyundai

Image: GTT

French multinational naval engineering company Gaztransport & Technigaz (GTT) has received two orders from the Korean shipyards, one from Hyundai Samho Heavy Industries (HSHI) and the other one from Hyundai Heavy Industries (HHI) for the tank design of two Liquefied Natural Gas Carrier (LNGC).Each vessel will offer a capacity of 174,000 m3. GTT will design the tanks of the vessels, which will be fitted with the Mark III Flex membrane containment system, a technology developed…

11 Feb 2020

LR Awards HHI AiP for Frigate Design

Young-Doo Kim (left), LR's North Asia Technical Support Office Manager presents the AiP to Sang-Hoon Nam, COO of Naval and Special Ship Business Unit at HHI.(Photo: LR)

Lloyd's Register (LR) has awarded approval in principle (AiP) to South Korean shipbuilder Hyundai Heavy Industries (HHI) for the design of its HDF-3800 frigate.The design allows for the frigate to be equipped with modern weapons and sensors, and it will be able to undertake Anti-Air Warfare (AAW), Anti-Surface Warfare (ASuW), and Anti-Submarine Warfare (ASW) missions. Additional combat capabilities include Electronic Warfare (EW), Land Attack Warfare (LAW) and the capability of anti-drone systems and to launch and recover unmanned aerial vehicles (UAVs).Furthermore…

10 Feb 2020

Top Ships Adds M/T Eco Los Angeles

Image: Top Ships

The international owner and operator of modern, fuel efficient "ECO" tanker vessels Top Ships announced that it took delivery of the 50,000 dwt scrubber fitted newbuilding M/T Eco Los Angeles.The product/chemical tanker constructed at the Hyundai Mipo shipyard in South Korea.Meanwhile, the Greek tanker owner has recently entered into agreements to dispose of an MR2 tanker pair.The ships, Stenaweco Elegance and Eco Palm Desert, have been sold to unaffiliated third parties.

10 Feb 2020

Sovcomflot Names LNGC SCF La Perouse

Pictured, right to left: Arnaud le Foll, Total’s Country Chair Russia and Director General of Total Exploration and Production Russia; Fleur-Eve Durin le Foll, his spouse and the vessel’s sponsor; Alexander Matanov, the vessel’s master; Sergey Frank, Chairman of the Board of Directors of PAO Sovcomflot; Nikolay Kolesnikov, Executive Vice President and Chief Financial Officer of PAO Sovcomflot; Peter Justesen, Vice President for LNG Shipping at Total, and Grigory Aleksandrov, Director of Projects

Russian state-controlled shipowner Sovcomflot (SCF) has named the 174,000m³ SCF La Perouse - the first of three LNG tankers on order with South Korean shipbuilder Hyundai Heavy Industries (HHI).The LNG carrier named after Jean-François de la Pérouse, a French explorer of the Pacific.The vessel will operate under a long-term time charter agreement with Total. The event was held at Hyundai Samho Heavy Industries’ shipyard, Republic of Korea. Fleur-Eve Durin le Foll, the spouse of Total’s Country Chair Russia…

09 Feb 2020

Hyundai to Build 2 LNG carriers for Knutsen

Image:  Knutsen OAS Shipping

Norwegian shipping company Knutsen said that  Shell signed separate agreements for four LNG carriers with affiliates of Knutsen liquefied natural gas (LNG), two LNG carriers with Korea Line Corporation and two LNG Carriers with Global Meridian Holdings Limited.The LNG carrier owner and ship management  company informed that the 174,000 cbm LNG carriers will be built by Hyundai Heavy Industries and Hyundai Samho Heavy Industries.The new vessels will all be equipped with efficient dual-fuel X-DF engines…

09 Feb 2020

KSOE Wades into the Red

Image: Korea Shipbuilding & Offshore Engineering

South Korean manufacturer of oil tankers, cargo and passenger vessels, and warships, Korea Shipbuilding & Offshore Engineering (KSOE) reported its fourth-quarter net loss of 26.2 billion won (US$ 22.2 million), remaining in the red compared with a year ago.The KSOE is an intermediate holding firm controlling Hyundai Heavy Industries and two other Hyundai Heavy Industries Group shipbuilders.According to a regulatory filing, operating profit for the October-December period last year was 169.9 billion, compared with a loss of 246.4 billion won a year ago.

06 Feb 2020

Coronavirus Disrupts Global Container Shipping

© naypong / Adobe Stock

China's fast-spreading coronavirus is throwing the global container shipping trade out of sync, with lines re-routing cargoes and reducing calls to Chinese ports, setting the scene for months of delivery delays ahead, industry sources said.The spread of the deadly virus has shut down cities and factories in China and disrupted global air travel.China's decision to extend its Lunar New Year holiday period until Feb. 10 has compounded logistical complications, despite its ports staying open.

05 Feb 2020

Japan Takes Shipbuilding Dispute to WTO

Image: Hyundai Merchant Marine

The Japanese government has filed a new petition with the World Trade Organization (WTO) against South Korea concerning alleged aid provided by the Korean government to the country’s shipbuilding industry.According to Yonhap, Japan has asked South Korea to discuss the issue which it says is affecting international competition, and if the talks fail, Japan will seek to establish a dispute settlement panel.In November 2018, Japan filed a complaint with the WTO, claiming that South Korea violated existing regulations by providing subsidies to its shipbuilders…

04 Feb 2020

Loggers, Food Exporters Impacted From China's Virus

© SHUTTER DIN / Adobe Stock

The economic impact of China's coronavirus lockdown is being felt across the globe, with exporters, miners and manufacturers of everything from coal and timber to meat and fruit facing delays and potential shipment cancellations.As the most populous nation and factory floor for most of the world's manufactured goods, China is normally the largest and most voracious consumer of a slew of global raw materials, fuels and foods.But the combination of an extended Lunar New Year holiday…

21 Jan 2020

Probunkers Orders for LNG Bunkers at HMD

Image: probunkers

The global LNG bunkering supplier Probunkers has agreed terms with Hyundai Mipo Dockyard (HMD) for the construction of two firm units of 7,600 m3 LNG Bunker Vessels, signing a Letter of Intent (LOI) with the South Korean leading yard.The signing of this LOI comes as the product of a long optimization process during which probunkers’ technical team reviewed more than thirty (30) ship design proposals to serve the purpose of the project involving prestigious organizations such as the American Bureau of Shipping (ABS)…

16 Jan 2020

THE Alliance Welcomes HMM

Image: Hyundai Merchant Marine

The members of THE Alliance, Hapag-Lloyd, Ocean Network Express, and Yang Ming have welcomed Hyundai Merchant Marine (HMM) as a new core member of THE Alliance.With the US Federal Maritime Commission (FMC) acceptance of HMM membership, THE Alliance offers an attractive upgraded product package and it will be launched around April 1st, 2020.Based on the existing comprehensive network of THE Alliance, the newly en-hanced product package will offer increasing frequency particularly from South East Asia…

13 Jan 2020

HMM to Launch Mega-Ships in April

Image: Hyundai Merchant Marine

South Korean logistics major Hyundai Merchant Marine (HMM) will introduce the largest container vessels of the world in April. These mega-ships will be deployed on the company’s Asia-Europe services.According to BusinessKorea HMM will put into operation a total of 12 24,000-TEU super large vessels, one per week, staring this April, the Busan New Port Terminal said on Jan. 12.The boxships are under construction at Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME).HMM will start its services as an official member of “The Alliance…

12 Jan 2020

GTT Wins 8 LNGC Orders from HHI Yard

Image: GTT

French liquefied natural gas (LNG) containment system specialist Gaztransport & Technigaz (GTT) has received several orders from Korean shipyards Hyundai Heavy Industries (HHI) and Hyundai Samho Heavy Industries (HSHI) for the equipment of eight new LNG Carriers (LNGC).According to a press note from the French LNG storage technology firm, the orders were receirved at the end of December 2019.Each vessel will offer a capacity of 174,000 m3 and will be fitted with the Mark III Flex…

09 Jan 2020

Great Ships 2019: T. Elinor

Photo: RMK Marine

Adnan NefesoÄźlu, RMK MARINE’s CEO, thought a short moment and  replied by reflecting his self-confidence “Yes, we can do”, when the local client came and asked RMK MARINE in early 2016 that: “We have two main engines, procured eight years ago and standing in a depot since then. They have Tier I feature. Can you convert them first to Tier II compliant engines, to be followed with Tier III compliant features, make them fully operable and then can you build two ships around 15.000-16.000 dwt…

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