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Hyundai Heavy Industries News

Shipbuilding Mega-Merger Blocked: European Commission Prohibits Hyundai Heavy Industries’ Takeover of DSMEShipbuilding Mega-Merger Blocked: European Commission Prohibits Hyundai Heavy Industries’ Takeover of DSMEThe Commissions says the decision comes following an in-depth investigation of the proposed transaction.14 January 2022 Friday 10:40
Hyundai Heavy IPO Is Coming In HotHyundai Heavy IPO Is Coming In HotSouth Korean shipyards and shipowners will raise billions of dollars via new stock market listings later this year. The yards hope to capitalize on the start of a shipping “super-cycle” and a red hot stock market.16 June 2021 Wednesday 13:20
Samsung Heavy partners with the Korea Atomic Energy Research Institute to develop nuclear-powered shipsSamsung Heavy partners with the Korea Atomic Energy Research Institute to develop nuclear-powered shipsSamsung Heavy Industries said Wednesday it will partner with the Korea Atomic Energy Research Institute (KAERI) to develop molten salt reactors to power ships as well as market offshore power plants.09 June 2021 Wednesday 10:53
Sizeable chunk of the global VLCC orderbook removedSizeable chunk of the global VLCC orderbook removedRemoving 10 VLCCs from the global orderbook is significant. Prior to Hyundai Heavy’s news yesterday, Alphatanker data showed there were just 86 VLCCs on order around the world.05 February 2021 Friday 12:00
Cido in for VLCC brace at Hyundai HeavyCido in for VLCC brace at Hyundai HeavyMultiple broking reports carry news that Hong Kong-based Korean owner Cido Shipping has placed its first newbuild orders since 2015.04 November 2020 Wednesday 10:35
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
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