OCTOBER 22, 2015 — Oslo headquartered Fred. Olsen Energy ASA says that today it received a notice of arbitration from shipbuilder Hyundai Heavy Industries Co. Ltd. (HHI). According to Fred Olsen Energy,
JULY 29, 2015 — All three South Korean shipbuilding giants have now reported massive operating losses. After market close Wednesday, Samsung Heavy Industries reported an operating loss of 1.55 trillion won ($1.3
JULY 8, 2015 — Maersk Line has signed a $1.1 billion newbuilding contract with South Korean shipbuilder Hyundai Heavy Industries covering construction of nine 353 m, 14,000 TEU containerships. The agreement includes
JUNE 11, 2015 — Korea’s Hyundai Heavy Industries reports that it recently received approval in principle (AIP) from DNV GL for its SkyBench design concept for maximizing cargo loading capacity of large
FEBRUARY 12, 2015 — South Korea’s Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, reported a whopping net loss of KRW 2.21 trillion ($2 billion) for its 2014 financial year, as against
JANUARY 19, 2015 — The world’s largest shipbuilder, Hyundai Heavy Industries (HHI), has launched the Hyundai Marine Service Center in Ulsan, South Korea, by merging the after sales service units of three
NOVEMBER 27, 2014—United Arab Shipping Company (UASC)’s first ever LNG-ready ultra large container vessel, the 15,000-TEU M/V Sajir, was recently named at Korean shipbuilder Hyundai Heavy Industries’ shipyard in Ulsan, Korea. The
NOVEMBER 18, 2014—The 19,000 TEU CSCL Globe, the world’s largest containership was recently christened in South Korea during a ceremony at Hyundai Heavy Industries Co., Ltd. (HHI). The CSCL Globe is the
JULY 30, 2014 — Hyundai Heavy Industries Co., the world’s largest shipbuilder, yesterday reported its worst ever quarterly net loss — 616.6 billion won (US$601.7 million) in the April-June period, compared with
FEBRUARY 3, 2014—United Arab Shipping Company (UASC) reports it has exercised options for six additional 14,000 TEU vessels, bringing its total order to 16 ships with Korean shipbuilder Hyundai Heavy Industries (HHI) in