Hyundai Glovis News

Supertanker costs in the Middle East have hit all-time highs, according to shipping data and industry sources on Tuesday, as the U.S.-Iran conflict intensifies with Tehran attacking ships passing through the Strait of Hormuz.Shipping through the Strait between Iran and Oman, which carries around one-fifth of oil consumed globally as well as large quantities of liquefied natural gas, has ground to a near halt after vessels in the area were hit as Iran retaliated against U.S. and…

GTT has secured an order from HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for the tank design of a new liquefied natural gas (LNG) carrier.The LNG carrier will be built by the shipyard Hyundai Samho Heavy Industries (HSHI) on behalf of the ship-owner Hyundai Glovis.With a total capacity of 174,000 m3, the vessel’s cryogenic tanks will be fitted with the Mark III Flex membrane containment system, a technology developed by GTT.Delivery of the vessel is scheduled for the fourth quarter of 2028.

The Federal Maritime Commission (FMC or Commission) investigates and negotiates settlements and informal compromises of civil penalties in relation to potential violations of the Shipping Act and Commission regulations. Recently, the Commission completed two compromise agreements recovering a total of $1,350,000 in civil penalties. The agreements were reached with a vessel-operating common carrier (VOCC) and a non-vessel-operating common carrier (NVOCC).One compromise agreement was reached with Hyundai Glovis, Co. Ltd.

Woodside Energy has signed a non-binding memorandum of understanding (MoU) with Hyundai Engineering and Hyundai Glovis, establishing a strategic framework to collaborate on liquefied natural gas (LNG) project development, engineering services and shipping logistics.The MoU will see the parties focus on advancing execution capability and extending their reach into priority LNG markets.The combination of Woodside’s success in LNG development, Hyundai Engineering’s extensive engineering…

HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has received ABS approval in principle (AIP) for a tank design that enables large-scale hydrogen transport and storage.The vacuum insulation system from HD KSOE is designed to reduce the time required to create a vacuum in large tanks, essential for transportation. The new technology allows maintaining a vacuum state at –253℃, which KSOE says enables safer and loss-free transport of large quantities of liquid hydrogen.ABS completed design reviews based on class and statutory requirements.

DNV awarded an AiP to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for its innovative vacuum-insulated large-scale liquefied hydrogen tank, another advancement in providing practical storage solutions for liquefied hydrogen (LH2).Developing cost-effective and flexible large-scale liquid hydrogen storage with higher safety, and lower operational and capital cost is essential if LH2 is to realize its promise for decarbonizing industries such as transportation, shipping, and power generation.

Lloyd's Register (LR) has awarded Approval in Principle (AiP) to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for its pioneering vacuum-insulated large-scale liquid hydrogen (LH₂) tank system. The successful testing of a large-scale vacuum chamber for this AiP marked the world’s first technical validation of large-scale LH₂ tank insulation design.The vacuum insulation system addresses some of the most pressing challenges of using hydrogen in the maritime industry: the scalability of liquefied hydrogen storage and transportation of the fuel, says LR.

European automakers are the most likely to be affected by the dockworkers strike at U.S. East Coast and Gulf Coast ports because they rely heavily on those locations, but a longer walkout could prove "debilitating" to the entire sector, industry officials and analysts said.The dockworkers began their first large-scale stoppage in nearly 50 years early on Tuesday, halting the flow of about half the nation's ocean shipping.The International Longshoremen's Association union representing 45…

Certification body DNV has issued an approval in principle (AiP) for an 80,000m3 capacity liquefied hydrogen carrier, jointly developed by Mitsui O.S.K Lines (MOL), Woodside, HD Korea Shipbuilding and Offshore Engineering (HD KSOE), and Hyundai Glovis.MOL has been working with the partners to develop a liquefied hydrogen carrier since January 31, 2024.DNV’s AiP follows the completion of the hazard identification study (HAZID), a safety evaluation method for plants and systems…

DNV has issued an Approval in Principle (AiP) to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for its cutting-edge electric propulsion liquefied hydrogen (LH₂) carrier design, which has the potential to store and transport up to 80,000 cubic meters of LH₂. The approval is a key achievement in a collaborative effort involving major industry players: HD KSOE, Woodside Energy, Hyundai Glovis, and Mitsui O.S.K. Lines (MOL). Together, these companies are working to create…

STAX Engineering announced it has secured a five-year contract to deploy its cutting-edge emissions capture services at Shell’s Mormon Island Terminal in the Port of Los Angeles, coinciding with new California Air Resources Board (CARB) emissions regulations. STAX’s emission capture and control solution offers an alternative to shore power for emissions reduction for tankers. Available as a land- or barge-based solution, the mobile, flexible exhaust capture system is designed to fit all ships without modification…

TotalEnergies has supplied its first B100 biofuel bunker in Singapore, marking an expansion in its low-carbon fuels offer in an effort to support the decarbonization goals of global shipping.On August 5, TotalEnergies Marine Fuels used an IMO Type II chemical bunker tanker, MAPLE, owned by Global Energy Group, to transfer 700 metric tons (mt) of the 100% Used Cooking Oil Methyl Ester (UCOME-based) biofuel to a pure car and truck carrier (PCTC), Glovis Cosmos, which is owned by Hyundai Glovis.The UCOME biodiesel supplied is a second-generation…

KR has awarded an approval in principle (AIP) for the next-generation  K-Ammonia storage and powered pure car and truck carrier (PCTC), developed by HD Hyundai Heavy Industries (HD HHI) with the participation of Hyundai Glovis and G-Marine Service, at Posidonia 2024.Currently, to address the increasingly stringent global greenhouse gas regulations, the development of alternative fuel technologies is actively underway, and ammonia fuel technology is one of the most highly regarded in the market.

Chinese shipyard Guangzhou Shipbuilding International (GSI) has received an order for four MAN B&W 8S60ME-GI engines in connection with the building of four 10,800 CEU pure car and truck carriers (PCTC) for South Korean shipping owner, HMM Co. Ltd.CSIC Diesel Engine Co. Ltd (CSE) will build the Mk10.5 dual-fuel -GI (-gas injection) engines in China, which will feature exhaust gas recirculation (EGR) emissions-reduction technology for Tier III NOx compliance.Upon delivery, the PCTCs will go out on charter to Hyundai Glovis Co.…

QatarEnergy CEO Saad Al Kaabi announced on Sunday that the company has finalised a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels ahead of a massive expansion in LNG output.In a ceremony at its Doha headquarters state-owned QatarEnergy signed contracts to charter six vessels from CMES LNG Carrier Investment, six vessels from Shandong Marine Energy and three vessels from MISC Berhad. Those 15 vessels will be built at South Korea's Samsung Heavy Industries…

Mitsui O.S.K Lines (MOL) has signed non-binding memorandum of understanding (MoU) with Woodside Energy, HD Korea Shipbuilding and Offshore Engineering (HD KSOE), and Hyundai Glovis to jointly study the development of shipping solutions to enable bulk marine transportation of liquid hydrogen.Woodside Energy, HD KSOE and Hyundai Glovis have been studying liquid hydrogen transportation since 2022.In this project, the participating companies will study the technology, safety, construction…

Containerships owner/operator Seaspan Corporation signaled its entry into the car carrier segment in confirming a deal to order a series of new pure car and truck carriers (PCTC) in partnership with Hyundai Glovis (Glovis).The 10,800 CEU are the largest PCTCs under development to date. They will be dual-fuel liquefied natural gas (LNG), as well as ammonia-and methanol-ready.Seaspan said it negotiated the purchase from Shanghai Waigaoqiao Shipbuilding, a China State Shipbuilding Corporation shipyard.

Norway sovereign wealth fund said on Tuesday it revoked the exclusion of Thoresen Thai Agencies from its investments, and ended observation of Hyundai Glovis Co.It had previously excluded one and put another company on observation due to their practice of sending decommissioned vessels to be broken up for scrap in Bangladesh and Pakistan where working conditions were "extremely poor," according to the fund.Thoresen Thai Agencies has not sent any more vessels to Bangladesh since 2018, while Hyundai Glovis established a new policy for responsible disposal of decommissioned vessels, it added in a

DNV has awarded an Approval in Principle (AiP) to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and its subsidiaries HD Hyundai Heavy Industry (HD HHI) and Hyundai Mipo Dockyard (HMD) for their new hydrogen system.HD KSOE aims to complete the development of the hydrogen carrier technology that enables large-capacity hydrogen transportation and storage by around 2030.HD KSOE's new system utilizes boil-off gas from hydrogen transport for a hybrid propulsion system, integrating hydrogen dual-fuel engines and fuel cells.

Ship operator United European Car Carriers (UECC) has bunkered sustainable biofuel for the first time in collaboration with GoodFuels and vessel owner NYK.GoodFuels delivered the B30 blend, 470 tonnes of VLSFO and sustainable biofuel, to time-chartered Emerald Leader in the port of Vlissingen in May. NYK, joint owner of UECC, is working closely with UECC to monitor the biofuel's performance.The use of sustainable biofuel on the Emerald Leader, which operates on UECC's North South Trade connecting the Eastern Mediterranean with Northern Europe…

The next generation ultra large liquefied carbon dioxide (LCO2) carrier for Hyundai Heavy Industries Group (HHI) and Hyundai Glovis has received an approval in principle (AIP) at Gastech from ABS and the Republic of the Marshall Islands (RMI) Maritime Administrator.The 74,000 m3 design builds on the 40,000 m3 “super gap” technology developed in 2021 by HHI, Hyundai Glovis, G-Marine Service, and Korea Shipbuilding & Offshore Engineering Co., Ltd. (KSOE).A total of nine cylindrical…

A next generation ultra large, liquefied carbon dioxide (LCO2) carrier being developed in a groundbreaking project between ABS, Hyundai Heavy Industries Group (HHI), and the Republic of the Marshall Islands (RMI) Maritime Administrator is said to be the world’s largest in terms of LCO2 capacity.The 74,000cm3 design builds on the 40,000cm3 “super gap” technology developed in 2021 by HHI, which includes Hyundai Glovis, G-Marine service, and Korea Shipbuilding & Offshore Engineering Co.…

VesselsValue's head cargo analyst, Olivia Watkins, has compiled a list of the world's top ship owning nations ranked by total fleet value.ChinaChina has moved up from second in January to firs place this time, owning a total of $191 billion in assets.China owns the largest number of containerships and, consequently, the recent surge in rates and values has moved them up the ranks to top spot in terms of fleet value. The increase in rates has also prompted an ordering spree across the container sector, as owners’ confidence in the market exploded.