ABS and Hyundai Heavy complete Smart-ship JDP

Marking completion of a landmark joint development project (JDP), classification society ABS has verified the smart functions of shipbuilder Hyundai Heavy Industries’ Integrated Smart-ship Solution, issuing the first Product Design Assessment (PDA)

Hyundai Heavy sets $15.9 billion sales target for 2020

In a sign that some analysts see as pointing to a flat year ahead in world shipbuilding, South Korea’s Hyundai Heavy Industries Group says that its three shipbuilding units have set combined

Hyundai Heavy gets AIP for new containership power system

South Korea’s Hyundai Heavy Industries aims to maximize the efficiency of Very Large Containerships (VLCSs) by simplifying the power system. HHI and Korea Shipbuilding & Offshore Engineering (KSOE) have been awarded Approval

Jotun in MOU with HHI on solvent-free primer

Sandefjord, Norway, based coatings manufacturer Jotun has signed a memorandum of understanding (MOU) with the world’s largest shipbuilder, South Korea’s Hyundai Heavy Industries. It covers the use of a new type of

Korea shipbuilding mega merger hits a snag

A much ballyhooed potential merger of Korean shipbuilding giants Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME) has run into a snag. Unionized workers at both shipbuilders are determined to

Hyundai Heavy sets $15.9 billion 2019 shipbuilding sales target

JANUARY 3, 2019 — South Korea’s Hyundai Heavy Industries Group has set a 2019 shipbuilding total sales target of US$15.9 billion for Hyundai Heavy Industries Co., Hyundai Samho Heavy and Hyundai Mipo

Frigate order helps Hyundai Heavy beat its 2018 sales target

DECEMBER 13, 2018 —Hyundai Heavy Industries (HHI) Group reports that it had beaten its 2018 annual target for shipbuilding orders before year’s end, recently concluding a contract to build two state-of-the-art frigates

Hyundai Mipo Dockyard wins order for 30,000 cu.m LNG carrier

DECEMBER 6, 2018 — Hyundai Mipo Dockyard (HMD) has won a contract worth $77 million to build a 30,000 cu.m LNG carrier for Norway’s Knutsen OAS, making it the first Korean shipbuilder

ABS issues first Cyber Security-Ready Notation to HHI VLCC

NOVEMBER 16, 2018 — ABS and South Korean shipbuilder Hyundai Heavy Industries (HHI) have collaborated to develop cyber security requirements for the ABS Cyber Security-Ready (CS-Ready) Notation for marine assets. ABS has

Okeanis Eco secures financing for two VLCC newbuilds

OCTOBER 29, 2018 — Okeanis Eco Tankers Corp. has secured firm commitments for two secured loan facilities for an aggregate amount of $116.3 million from Credit Suisse AG and BNP Paribas in