Search results for: HHI

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  • 19 May 2015

    Narendra Modi, prime minister of India, visited Hyundai Heavy Industries to seek increased partnership between Indian shipyards and HHI to ensure India’s shipbuilding industry can benefit from the shipbuilding expertise and experience of HHI.

  • 3 April 2017
    Business & Finance

    South Korea’s Hyundai Heavy Industries (HHI) Group plans to invest USD 1.8 billion in research and development (R&D) programs by 2021 through its newly established independent shipbuilding company – Hyundai Heavy Industries. Under the plan, the new HHI will invest in developing eco-friendly and smart ships, enhancing offshore engineering capability, and establishing smart shipyards. For quality […]

  • 15 November 2018
    Business & Finance

    ABS issued HHI the first-of-its-kind Cyber Security-Ready Notation to a VLCC.

  • 14 September 2015

    South Korean shipbuilder Hyundai Heavy Industries (HHI) has recently completed type approval testing for its next generation CLEAN HiMSEN (Hi-Touch Marine & Stationary Engine) engines in the presence of eight classification societies including ABS, DNV/GL, LR and KR. HHI says that the CLEAN (Customer, Liability, Environment, Acceptable Technology, No Defect) four-stroke HiMSEN engine (Model H21C) improves […]

  • 14 September 2015

    South Korean shipbuilder Hyundai Heavy Industries (HHI) has recently completed type approval testing for its next generation CLEAN HiMSEN (Hi-Touch Marine & Stationary Engine) engines in the presence of eight classification societies including ABS, DNV/GL, LR and KR. HHI says that the CLEAN (Customer, Liability, Environment, Acceptable Technology, No Defect) four-stroke HiMSEN engine (Model H21C) improves […]

  • 14 March 2014
    Business & Finance

    DHT Holdings, an independent crude oil tanker company, has advanced the delivery dates of two very large crude carriers (VLCCs). On March 11, 2014, DHT Holdings entered into an amendment to its shipbuilding contracts for Hull Nos. 2781 and 2783 with Hyundai Heavy Industries Co., Ltd. in South Korea (HHI) related to the construction of […]

  • 19 May 2015

    Narendra Modi, prime minister of India, visited Hyundai Heavy Industries to seek increased partnership between Indian shipyards and HHI to ensure India’s shipbuilding industry can benefit from the shipbuilding expertise and experience of HHI.

  • 27 October 2015
    Exploration & Production

    South Korean rig builder Hyundai Heavy Industries (HHI) on Monday reported a net loss of 451.4 billion Korean won ($398 million) for the third quarter of 2015, hurt by delays in offshore projects.    The company’s sales fell to 10.9 trillion Korean Won ($9.6 billion). On a quarter-on-quarter basis, sales declined 8.7%, while operating loss […]

  • 23 March 2011
    Business & Finance

    AVEVA , a leader in engineering design and information management solutions for the plant, power and marine industries, today announced a significant new contract win with Hyundai Heavy Industries (HHI), further increasing its investment in AVEVA solutions. HHI has fully utilised AVEVA solutions since 1988. It has based its engineering and design on AVEVA solutions […]

  • 15 September 2014

    Hyundai Heavy Industries Group said that Kwon Oh-gab, the former CEO of Hyundai Oilbank , joins Hyundai Heavy Industries as a new president and chief of HHI Group Planning Team. Also Moon Jong-bak, senior executive vice president of Hyundai Oilbank, is promoted to take over Kwon’s former position as a new CEO. Hyundai Heavy Industries Group said, “The […]

  • 9 May 2016

    Hyundai Heavy Industries, one of South Korea’s largest offshore rig builders, is planning “intense” management reform plans, including the voluntary retirement of manager level employees in a move to enhance its competitiveness. In a statement on Monday, an HHI officer said, “Along with the 25 percent cut of senior managers last month, the voluntary retirement […]

  • 27 February 2015

    Hyundai Heavy Industries Co., Ltd. (HHI), South Korea’s biggest shipbuilder and a leading offshore facilities contractor, today announced its shipbuilding affiliate, Hyundai Samho Heavy Industries, completed a 10,000 ton heavy lift vessel (HVL), Hyundai-10000, at its shipyard in Yeongam, South Korea. After a series of final tests, the HVL will join HHI’s existing offshore facility-building infrastructure […]

  • 19 August 2019
    Rules & Regulation

    The approval is for a component of HHI’s Integrated Smartship Solution (ISS).

  • 12 November 2012
    Business & Finance

    Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder and a leading marine engine manufacturer, announced today it has successfully carried out the world’s first ME-GI full scale demonstration test in combination with Hi-GAS. HHI’s independent LNG Fuel Gas Supply (FGSS), Hi-GAS system (Hyundai Integrated Gas Supply System) allows marine engines to use diesel and LNG […]

  • 24 June 2020
    Business developments & projects

    Hyundai Heavy Industries (HHI), the biggest shipbuilder in South Korea, has decided to integrate its shipbuilding and offshore business divisions and scale back the organisation by about 20 per cent.

  • 12 February 2019
    Business & Finance

    Hyundai Heavy is to sign a formal deal to acquire compatriot rival DSME.

  • 4 December 2013

    ABS Consulting recently completed design review services for an approval in principle of the design of Hyundai Heavy Industries’ (HHI) Modular Liquid Natural Gas (LNG) Storage Tanks. The company reviewed the system design for HHI’s Modular LNG Storage Tank and its construction with onsite assembly. During the design review process, ABS Consulting reviewed the design […]

  • 14 October 2015
    Exploration & Production

    South Korea’s majors rig builders Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Daewoo Shipbuilding and Marine Engineering (DSME) have teamed up in a Joint Industry Project, looking to cut rig construction costs and project delays.   According to Hyundai Heavy Industries, the three companies recently held a meeting for an “Offshore Design Standardization JIP” […]

  • 12 February 2015
    Business & Finance

    Unionized workers of South Korean shipbuilding giant Hyundai Heavy Industries (HHI) have won a court battle on Thursday, according to which HHI should count regular bonuses as base pay, Yonhap news agency informed. Ten workers had filed suit against HHI in 2014, urging for regularly paid bonuses to be included as ordinary wages. According to Yonhap, […]

  • 8 May 2015

    South Korean shipbuilding giant Hyundai Heavy Industries (HHI) introduced a fuel saving propeller attachment, Hi-FIN. After a year-long trial of the energy-saving device installed on a 162,000 m3 LNG carrier ordered from Maran Gas, HHI found that Hi-FIN can save up to 2.5% of fuel in comparison with the same type of vessels without Hi-FIN, […]

  • 9 May 2016
    Business & Finance

    Prompted by only 9 orders placed during the first quarter of the year at the South Korean shipyards, the country’s shipbuilding giant Hyundai Heavy Industries (HHI) revealed its plans to close docks which operate at the lower efficiency rate if the ordering slump persists. Furthermore, in the face of shrinking shipbuilding work at its yards, HHI intends to cut its […]

  • 13 October 2017
    Business & Finance

    Despite a surge in orders at South Korean shipyards in September which enabled them to overpower their Chinese counterparts, Hyundai Heavy Industries (HHI) seems to be suffering from acute lack of orders. According to HHI’s Vice Chairman Oh-Gap Kwon, cited by local media, the company managed to score orders for 30 vessels this year, which is only […]