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Hyundai Heavy Industries News

Hyundai Heavy Industries Consolidates and Streamline Operations by 20%Hyundai Heavy Industries Consolidates and Streamline Operations by 20%Responding to the challenges in the shipbuilding industry, Hyundai Heavy Industries announced that it will be slimming down its organization by 20 percent, consolidating business units and departments to overcome the current market conditions.24 June 2020 Wednesday 11:10
HHI secures $388 million green loanHHI secures $388 million green loanSouth Korean shipbuilding giant Hyundai Heavy Industries (HHI) has obtained a green syndicated loan worth ₩480 billion ($388 million) from the Korea Development Bank (KDB) and other banks.02 June 2020 Tuesday 16:05
EU Commission Stops the Clock on HHIH-DSME Merger ProbeEU Commission Stops the Clock on HHIH-DSME Merger ProbeThe European Commission has suspended the full-scale probe into the proposed acquisition of South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) by its compatriot Hyundai Heavy Industries Holdings (HHIH).02 April 2020 Thursday 15:04
KSS Line Returns to Hyundai for 5th LPG CarrierKSS Line Returns to Hyundai for 5th LPG CarrierSouth Korean shipping company KSS Line placed an order for the construction of a new class 84,000 cbm Very Large Gas Carrier (VLGC) at compatriot Hyundai Heavy Industries.24 February 2020 Monday 16:49
Hyundai Heavy Industries Group Clinches Deals for Six New ShipsHyundai Heavy Industries Group Clinches Deals for Six New ShipsHyundai Heavy Industries (HHI) Group, the biggest shipbuilder in South Korea, has secured two new orders for a total of six vessels.26 December 2019 Thursday 12:03
HHI Group Receives USD 1.13 Bn Orders for Six LNG CarriersHHI Group Receives USD 1.13 Bn Orders for Six LNG CarriersSouth Korean shipbuilder Hyundai Heavy Industries (HHI) Group has secured new orders worth KRW 1.32 trillion (USD 1.13 billion) for the construction of six liquefied natural gas (LNG) carriers.19 December 2019 Thursday 12:07
Hyundai Heavy Sells USD 1.2 Bn Stake in Hyundai Oilbank to Saudi AramcoHyundai Heavy Sells USD 1.2 Bn Stake in Hyundai Oilbank to Saudi AramcoSouth Korean Hyundai Heavy Industries (HHI) Group has completed the sale of a 17% stake in oil refiner Hyundai Oilbank to Saudi Arabia’s state-owned oil giant Saudi Aramco.18 December 2019 Wednesday 14:47
EU Officially Launches In-Depth Investigation into HHI’s DSME DealEU Officially Launches In-Depth Investigation into HHI’s DSME DealThe European Commission has opened an in-depth investigation to assess the proposed acquisition of South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering by another shipbuilding group, Hyundai Heavy Industries .18 December 2019 Wednesday 14:35
Russia To Upgrade Three More Nanuchka III-Class CorvettesRussia To Upgrade Three More Nanuchka III-Class CorvettesThe Russian Defense Ministry plans to order the modernization of an additional shipment of three project 1234 small missile ships for the Russian Pacific Fleet.13 November 2019 Wednesday 16:53
Hyundai Heavy Industries Launches second missile frigate for Philippine NavyHyundai Heavy Industries Launches second missile frigate for Philippine NavyThe launching ceremony for the country's second missile-frigate, the BRP Antonio Luna (FF-151), will take place at the shipyard of South Korean shipbuilder Hyundai Heavy Industries (HHI) in Ulsan on Friday, November 8.08 November 2019 Friday 11:47
Hyundai Heavy Workers Stage Strike Due to Wage DisputeHyundai Heavy Workers Stage Strike Due to Wage DisputeWorkers at South Korea’s Hyundai Heavy Industries have scheduled partial strikes this week due to little progress made in wage negotiations with management.24 October 2019 Thursday 10:29
HHI Gets DNV GL Nod for Three FPSO DesignsHHI Gets DNV GL Nod for Three FPSO DesignsSouth Korean shipbuilder Hyundai Heavy Industries has obtained DNV GL’s approval in principle (AiP) certificates for three models of its “Standard FPSO” design.17 October 2019 Thursday 16:17
Hyundai Heavy Obtains Second USCG BWMS Type ApprovalHyundai Heavy Obtains Second USCG BWMS Type ApprovalThe U.S. Coast Guard Marine Safety Center has issued a ballast water management system type approval certificate to South Korea’s Hyundai Heavy Industries.10 October 2019 Thursday 16:23
Hyundai Heavy Gets AIP from DNV GL for New LPG Carrier DesignHyundai Heavy Gets AIP from DNV GL for New LPG Carrier DesignClassification society DNV GL has awarded South Korean shipbuilder Hyundai Heavy Industries (HHI) with an approval in principle (AIP) for the design of a very large liquefied petroleum gas (LPG) carrier.20 September 2019 Friday 14:53
Saudi Arabia’s International Maritime Industries Inks VLCC Order With Bahri, HHISaudi Arabia’s International Maritime Industries Inks VLCC Order With Bahri, HHIaudi Arabia’s International Maritime Industries (IMI) has signed a vessel purchase agreement (VPA) with the National Shipping Company of Saudi Arabia (Bahri) and a subsequent sub-contract agreement with South Korean shipbuilder Hyundai Heavy Industries18 September 2019 Wednesday 12:1
ABS, HHI Group Partner Up on Digitalization and Decarbonization to Advance Ship DesignsABS, HHI Group Partner Up on Digitalization and Decarbonization to Advance Ship DesignsABS, Hyundai Heavy Industries (HHI) and Hyundai Global Service (HGS) have agreed on a framework for the exchange of digitalization and decarbonization (D&D) concepts to apply to present and future ship designs.18 September 2019 Wednesday 11:0
H-Line Shipping Orders LNG Carrier from Hyundai SamhoH-Line Shipping Orders LNG Carrier from Hyundai SamhoSouth Korea’s Hyundai Samho Heavy Industries has secured an order for the construction of a liquefied natural gas (LNG) carrier.09 September 2019 Monday 14:00
HHI Receives World’s First ‘Cyber Security Ready’ NotationHHI Receives World’s First ‘Cyber Security Ready’ NotationClassification society ABS and Hyundai Heavy Industries (HHI) collaborated to develop cyber security requirements for the ABS Cyber Security-Ready (CS-Ready) Notation for marine assets.15 November 2018 Thursday 12:03
Hyundai Heavy Industries pushes through rotational leave systemHyundai Heavy Industries pushes through rotational leave systemSouth Korean shipbuilder Hyundai Heavy Industries (HHI) has pushed through a rotational leave system for five weeks from September 11 for its shipbuilding employees.12 September 2017 Tuesday 15:23
Hyundai Heavy Industries sells hotel unit as part of restructuringHyundai Heavy Industries sells hotel unit as part of restructuringSouth Korean shipbuilding group Hyundai Heavy Industries (HHI) has announced that it has sold off its hotels unit Hotel Hyundai to private equity investment group Hahn & Company for KRW200bn ($178m) to improve its financial status.28 July 2017 Friday 00:02
Hyundai Heavy Industries and Lloyd’s Register working on joint design of dry-cargo shipsHyundai Heavy Industries and Lloyd’s Register working on joint design of dry-cargo shipsHyundai Heavy Industries and Lloyd’s Register are working on joint design of dry-cargo ships with a deadweight of 180,000 DWT, announced the both companies at the Nor-Shipping 2017 trade show.04 June 2017 Sunday 00:04
Saudi Aramco and Bahri head joint-venture with Lamprell and Hyundai Heavy Industries for building largest shipyard in the Middle EastSaudi Aramco and Bahri head joint-venture with Lamprell and Hyundai Heavy Industries for building largest shipyard in the Middle EastDubai shipbuilding company Lamprell, specializing in servicing the offshore industry, signed an agreement with Saudi Aramco,03 June 2017 Saturday 16:28
Labor unions of Hyundai Heavy Industries declared 3-day strikeLabor unions of Hyundai Heavy Industries declared 3-day strikeThe labor unions of Hyundai Heavy Industries declared 3-day strike due to failed wage negotiations and a proposed split of the firm’s non-shipbuilding business, as well as the closure of the dock in the southern coastal region Gunsan.24 February 2017 Friday 14:10
Hyundai Heavy Industries to close down Gunsan shipyardHyundai Heavy Industries to close down Gunsan shipyardSouth Korean shipyard Hyundai Heavy Industries has offered voluntary redundancy packages to all 650 employees at its Gunsan shipyard as part of its business restructuring process.09 January 2017 Monday 10:56
Chevron cancels FPSO at Hyundai Heavy IndustriesChevron cancels FPSO at Hyundai Heavy IndustriesEnergy major Chevron has cancelled a $1.9bn contract with South Korea’s Hyundai Hyundai Heavy Industries (HHI) for the construction of an FPSO for its UK Rosebank oil and gas project.15 December 2016 Thursday 11:00
Hyundai Heavy Industries confirms spiltHyundai Heavy Industries confirms spiltSouth Korea’s Hyundai Heavy Industries (HHI) said yesterday that it will split its non-shipbuilding businesses into separate companies to improve management efficiency and competitiveness amid the crisis in the shipbuilding sector.16 November 2016 Wednesday 11:24
Hyundai Heavy Industries Shedding Jobs, 'Non-Core' AssetsHyundai Heavy Industries Shedding Jobs, 'Non-Core' AssetsSouth Korea's Hyundai Heavy Industries Co Ltd, the world's biggest shipbuilder by revenue, will slash more jobs and sell non-core assets as part of efforts to cope with shrinking orders, it said on Monday.10 May 2016 Tuesday 15:55
Hyundai Heavy Industries to Slash Workforce by 10% -YonhapHyundai Heavy Industries to Slash Workforce by 10% -YonhapThe world’s largest shipbuilder Hyundai Heavy Industries is set to slash 10% of its workforce this year as part of the South Korean shipbuilding group’s restructuring plan, Yonhap News reports.22 April 2016 Friday 15:59
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