Hyundai Global News

DNV has awarded HD Hyundai Mipo Dockyard an approval in principle (AIP) for the design of ammonia dual fuel 45,000 m3 liquefied petroleum gas (LPG) carriers.The presentation took place at the HD Hyundai Global R&D Center (GRC) in Seongnam, Korea. HD Hyundai Mipo (HMD), who have developed the basic ship design, provided detailed engine specifications and operational data from global engine maker, WinGD, and reviewed the safety and suitability of the design with DNV. The designs are based around a new 10…

HD Hyundai Global Service, a ship service subsidiary of HD Hyundai Group, has announced that it has signed contracts with Cool Company (CoolCo), an owner and operator of LNG vessels, to retrofit five LNG carriers with reliquefaction units.The contract value is approximately US$10 million per vessel.A reliquefaction unit is a device used to re-liquefy the boiled off gas (BOG) generated during the operation of LNG cargo tanks, either returning the gas to the cargo tank or preventing natural evaporation using sub-cooled LNG.

A 180,000-square-meter-capacity liquefied natural gas (LNG) carrier is said to be the world's first large cargo ship to cross the Pacific using autonomous navigation.Built by Hyundai Heavy Industries in 2021 and delivered to SK Shipping in South Korea, the vessel Prism Courage is equipped with HiNAS 2.0, Level 2 autonomous navigation solution developed by Avikus, a subsidiary of HD Hyundai (former Hyundai Heavy Industries Group).According to Avikus, HiNAS 2.0 creates optimal routes and speeds based on Hyundai Global Service's Integrated Smartship Solution.

Hyundai Global Service (HGS), the aftercare division of shipbuilder and engine maker Hyundai Heavy Industries, has teamed up with ABB Turbocharging to offer an engine part-load optimization (EPLO) service for shipowners seeking to cut emissions in line with the International Maritime Organization’s (IMO) requirements.Ahead of the entry into force of the Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Index (CII) regulations in 2023, many vessel owners are looking to engine power limitation as a solution.

Korean Register (KR), Hyundai Motors and Hyundai Global Services have signed a Memorandum of Understanding (MOU) to work together to develop and commercialize hydrogen fuel cell systems to propel marine vessels.Hydrogen is among alternative eco-friendly fuels attracting attention for next-generation ships to meet the IMO’s ambition to reduce greenhouse gas (GHG) emissions from international shipping by 50% or more by 2050 compared to 2008 emissions figures.Through the MOU collaboration to commercialize a reliable hydrogen fuel cell system package for ships…

Classification society ABS said it has completed a joint development project (JDP) with shipbuilder Hyundai Heavy Industries (HHI) and marine services firm Hyundai Global Service (HGS) exploring decarbonization and digitalization in the marine and offshore industries. The project covered simulation and modeling of carbon footprints of a vessel incorporating energy efficiency technologies, liquefied natural gas (LNG) bunkering analysis and smart technologies.The JDP included detailed simulation and modeling of the carbon footprint of a very large crude carrier (VLCC)…

A new agreement will see Hyundai Global Services (HGS) recommend the Tekomar XPERT software for engine performance optimization as an enhancement option for all vessels built by Hyundai Heavy Industries from 2018.ABB Ability Tekomar XPERT uses advanced modeling based on operational data to optimize engine performance. The combination of Tekomar XPERT’s analytic capabilities and input from Hyundai’s own onboard data systems—Integrated Smartship Solution (ISS) and DATS—will enable ship operators to reduce fuel consumption and emissions…

A new agreement between ABB Turbocharging, Hyundai Global Service (HGS) and Hyundai Heavy Industries’ Engine & Machinery Division (HHI-EMD) has established a ‘total service solution’ for ABB and Hyundai customers.Under the agreement, ABB Turbocharging will support HGS in providing long-term maintenance and service to its customers. As part of this support, HGS will be able to access ABB’s global network of turbocharging service stations. By adding this turbocharger service capability…

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. This achievement is a direct result of a collaboration between HGS…

Better connectivity, easier data sharing and a thriving IoT start-up scene demonstrate that maritime digitalization is flourishing according to satellite service provider Inmarsat.For many, the lasting consequence of COVID-19 may be the upheaval it brought to the familiar rhythms of daily life. Thankfully the internet enabled a semblance of routine activity to continue, as they worked from home while their children attended digital classrooms.The outbreak forced us to work together yet apart through video conferencing and collaborative online platforms…

ABS, Hyundai Heavy Industries (HHI) and Hyundai Global Service (HGS) have agreed on a framework for the exchange of Digitalization and Decarbonization (D&D) concepts to apply to present and future designs. This new framework will be an industry first D&D ecosystem between class, shipyard and ship service company.Launched at a ceremony during Gastech, the new framework enables HHI, HGS and ABS to support alternative means of compliance with new remote survey capabilities using the newly commissioned ABS Remote Decision Support Center, supported by HHI and HGS’ technology and services.

Intellian signed a strategic partnership  with Hyundai Global Service (HGS), a subsidiary of the shipbuilding company Hyundai Heavy Industries (HHI) group, on July 15 at Centum Science Park in Busan, Korea.As the first step of the cooperation, both companies will expand HGS’ innovative ‘Integrated Smart Ship (ISS)’ solution; a digital ecosystem for vessel and fleet management, incorporating a  data analysis platform. This solution supports optimal vessel operation and management and is expected to reduce fuel costs by over 6% per year.

Classification society Lloyd's Register and Hyundai Global Service (HGS) have announced a new collaboration that will deliver added value to the shipping industry through digital solutions, starting with the appraisal of HGS’s Smart Ship System as ‘Digital Class Ready’.LR will assess HGS’s Smart Ship System by applying its latest Digital Ship’s ShipRight Procedure and Digital Compliance Framework so that ship managers and operators using the system onboard ships can get class items credited remotely for selected items.HGS and LR will engage in live trials of the system, installed and operational on a ship, and test its readiness to comply with data-driven classification requirements.

British satellite telecommunications company Inmarsat plc has signed a business cooperation agreement that allows Hyundai Global Service (HGS) to offer ship owners and managers a total care solution route to maritime digitalisation.South Korea's HGS was established in 2016 by parent group Hyundai Heavy Industries as a digital transformation solutions provider to optimise ship operations and performance.The ground-breaking agreement paves the way for a cooperation that will include the use of Fleet Xpress Dedicated Bandwidth Services by HGS to support its digital services for ship owners, plus recognition of HGS as an Inmarsat Certified Application Partner (CAP).The formal agreement has been announced after the completion of trials on board three ships over a three month period…

South Korean shipping company Hyundai Merchant Marine (HMM) announced that it has signed a memorandum of understanding (MOU) to establish a win-win fund for scrubber installation in preparation for IMO 2020 and to seek cooperation in the shipping-related industries.The total investment amount will be KRW 153.3 billion (USD 135.8 million) which consists of HMM’s investment of KRW 46 billion and the rest of the amount of KRW 107.3 billion (including Korea Ocean Business Corporation’s guaranteed loan of KRW 62.3 billion and a win-win fund of KRW 45 billion invested by five companies: Hyundai Corporation, SKTI, Hyundai Global Service, DSEC…

South Korean shipbuilder Hyundai Heavy Industries (HHI) has received Approval in Principle (AiP) from Lloyd's Register (LR) for a very large gas carrier (VLGC) design capable of using liquefied petroleum gas (LPG) as fuel.LPG presents advantages over marine diesel oil (MDO) and heavy fuel oil (HFO) when a VLGC is able to utilize the LPG cargo on board as a fuel. However, safety issues need to be thoroughly examined particularly in relation to potential leaks of LPG in a confined space and the implications for ventilation.

Egypt-based Arab Maritime Petroleum Transport Company (AMPTC) has signed a deal with Bahrain-based maritime repair and fabrication facility ASRY to install ballast water treatment systems (BWTS) on part of its fleetThe agreement has already seen one system installed the very large crude carrier (VLCC) Sea Jewel, with a further two more vessels agreed to have installations in the coming months. Negotiations continue to extend the agreement to include more installations throughout 2018 and 2019.ASRY Ship Repair General Manager…

Ship owner Dorian LPG Ltd. said it will look to upgrade the main engines of up to 10 of its very large gas carriers (VLGCs) to dual fuel technology utilizing liquefied petroleum gas (LPG) as fuel.The ship owner has entered into a memorandum of understanding (MoU) with marine service provider Hyundai Global Service Co., Ltd (HGS) to undertake research and preliminary engineering studies for the project.The initiative follows the conclusion of a study announced in September 2017…

The National Shipping Company of Saudi Arabia (Bahri)  has signed a Memorandum of Understanding (MoU) with Hyundai Heavy Industries (HHI) Group to harness Big Data and technological innovation in the maritime industry. HHI Group is the world’s largest shipbuilding group with extensive experience in ship construction and shipyard management. The two parties signed a Memorandum of Understanding (MoU) that lays out a comprehensive business cooperation framework to jointly evaluate the feasibility of launching new long-term projects, while at the same time bolster existing projects that have resulted from their close association over the years.

Hyundai Global Services (HGS), Hyundai Heavy Industries’ (HHI) newly spun-off company specializing in providing total marine services announced today it signed an MOU with KSS Line, a Korean shipping company, for entering into eco-friendly ship business. Under the MOU, two companies join forces to retrofit the medium-sized LPG carriers owned by KSS Line with Exhaust Gas Cleaning System. Ships equipped with the cleaning system will be able to meet the IMO’s sulfur emission cap of 0.5% even with bunker-c oil, cheaper than marine gas oil, and thus will significantly be able to lower fuel costs. From this month, the two companies operate a task force team that is conducting basic engineering of the system, and is scheduled to finalize detail engineering by the end of this year.

Hyundai Merchant Marine (HMM) will start the process to appoint a new chief executive officer (CEO) when Hyundai Group loses control on Aug. 5, reports Korea Times quoting un-named industry sources. The challenged shipper will begin a new chapter in its 40-year history, breaking free from Hyundai Group and becoming a subsidiary of Korea Development Bank (KDB). KDB is bent on installing a new leadership at the shipping line and is open to hiring a foreign chief executive. To make a pool of candidates, the creditor reportedly appointed a number of executive search firms. Last week, KDB Chairman Lee Dong-geol suggested standards for appointment, saying it will not exclude "people who have no relation with HMM" including foreign experts.