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

Eleventh BWMS gains U.S. Type Approval

OCTOBER 29, 2018 — The number of Ballast Water Management Systems (BWMS) available with U.S. Type Approval is growing steadily. The eleventh U.S. Coast Guard BWMS Type Approval Certificate has now been

KNOT orders two more DP2 shuttle tankers

SEPTEMBER 28, 2018 — Knutsen NYK Offshore Tankers (KNOT) has been awarded a long term charter by Equinor ASA for two new 153,000 DWT DP2 shuttle tankers to lift oil from the

Red ink second quarter for two Korean shipbuilding giants

JULY 24, 2017 — South Korean shipbuilders Hyundai Heavy Industries and Samsung Heavy Industries both reported second quarter losses Monday. Yonhap news agency reported Hyundai Heavy, the world’s largest shipbuilder by sales

Hyundai Merchant Marine picks three yards to build 20 mega ships

JUNE 4, 2018 — South Korea’s Hyundai Merchant Marine (HMM) has selected the shipbuilders who will build the eco-friendly mega containerships it is to order under its “Capacity of 1 Million TEU

Hyundai Heavy books orders for four box ships, reports more red ink

MAY 3, 2018 — It was first the good news, then the bad, in regulatory filings today by South Korean shipbuilding giant Hyundai Heavy Industries Co. The good news: Yonhap news agency

LNG fueled 250,000 dwt ore carrier design gets LR approval

MARCH 27, 2018 — South Korean shipbuilder Hyundai Heavy Industries (HHI) has received approval in principle (AiP) from classification society Lloyd’s Register for an LNG fueled 250,000 dwt class very large ore