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 Industries
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
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