Korean shipyards raise their sales targets
JANUARY 1, 2018 — South Korean shipbuilders have sharply raised their order targets for 2018, reports the Yonhap news agency. Yonhaps cites its sources as saying that Hyundai Heavy Industries Co. (HHI)
Hyundai Heavy Industries
Hyundai Heavy develops designs for larger LNG fueled ships
DECEMBER 18, 2017 — South Korean shipbuilder Hyundai Heavy Industry (HHI) Group is responding to the increasing interest in LNG fueled vessels by developing a number of innovative ship designs with the
HHI books very large order for Very Large Ore Carriers
SEPTEMBER 26, 2017 — Hyundai Heavy Industries (HHI) reports that it has signed a contract worth $800 million to build ten 325,000 dwt VLOCs (Very Large Ore Carrier) for South Korea’s Polaris
ABS grants AIP for ready-to-convert FLNG hull design
SEPTEMBER 11, 2017 — Classification society ABS has granted Approval in Principle (AIP) to South Korean shipbuilder Hyundai Heavy Industries’ Newbuilding Conversion FLNG (floating liquefied natural gas) hull design. “The Newbuilding Conversion
Hyundai Heavy in first HiMSEN engine licensing deal
JULY 5, 2017 — Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, has signed a memorandum of understanding (MOU) with Saudi Aramco and Dussur (Saudi Arabian Industrial Investments Company) to set up
Knutsen LNG newbuild to have Mark III Flex containment system
JUNE 22, 2017 — GTT (Gaztransport & Technigaz) has received an order from shipbuilder Hyundai Heavy Industries (HHI) to equip a new 180 cu.m. LNG carrier with its Mark III Flex containment
Korea’s HHI reports newbuilding order surge
JUNE 1, 2017 — South Korea’s Hyundai Heavy Industries (HHI) Group, the world’s largest shipbuilding group, said today that it won orders for 62 ships worth $3.8 billion in the January-May period
Korea’s Daegu-class frigates to be Rolls-Royce powered
MAY 17, 2017 — Rolls-Royce has won a contract to supply MT30 marine gas turbines to power the next three ships in the Republic of Korea Navy’s Daegu-class frigate program. Eight Daegu-class
Euronav orders two at HHI, backed by seven-year charters
MAY 9, 2017 — Antwerp, Belgium, headquartered Euronav NV (NYSE: EURN & Euronext: EURN) has signed two seven-year time charter contracts with Valero Energy Inc. for Suezmax vessels with specialised Ice Class
Hyundai Heavy reports fifth profitable quarter in a row
APRIL 27, 2016 — Hyundai Heavy Industries (HHI) today reported its results for the first quarter, ended March 31, 2017 Net profit was recorded at 462.3 billion ($409.6 million) making the period