Search results for: Hanjin Heavy Industries & Construction

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  • 1 November 2013

    Hanjin Heavy Industries & Construction Co., Ltd. (HHIC), a Korea-based company engaged in shipbuilding, construction, engineering and energy, has scored another lucrative contract bringing the fiscal year-to- date total to over $2.4 billion. This time the order comes from a Liberia-based shipowner and relates to the construction of a Capesize bulk carrier. The contract, announced today […]

  • 7 March 2019
    Business & Finance

    Lenders will obtain majority control of the Hanjin Heavy Industries & Construction.

  • 12 June 2013

    The Subic Bay Metropolitan Authority (SBMA) will be deploying personnel from its Law Enforcement Department (LED) to assist in the security of the Hanjin shipbuilding facility and help guarantee the safety of workers and properties. The assistance is contained in a memorandum of agreement (MOA) signed recently by SBMA Chairman Roberto Garcia and Hanjin Heavy […]

  • 14 March 2013

    HHIC’s Subic Shipyard has signed a LOI to build eight 5,400TEU container ships for a European client. According to the Korean shipbuilder, the newly contracted ships are highly fuel-efficient. In terms of capacity, they are same with the ones the Subic Shipyard contracted last year with 5,400 TEU. Early this year, HHIC’s Subic Shipyard already […]

  • 28 November 2013

    South Korea’s Hanjin Heavy Industries, an affiliate of the Hanjin Group founded in 1937, has sealed two major new contracts worth around $211 million. The shipbuilder announced yesterday, in its regulatory filing, an order from STX Pan Ocean for the construction of two Capesize bulk carriers. According to the filing, delivery of the vessels is scheduled for December 2016. […]

  • 11 September 2013

    Hanjin Heavy Industries & Construction Co. today launched South Korea’s first home-made 4,500-ton amphibious landing ship. The ship named Cheonwangbong, after the highest peak of Mount Jiri, was developed and built with indigenous technology. The launching ceremony was held in Hanjin’s shipyard in the southern port city of Busan, which was attended by Adm. Choi […]

  • 25 January 2016
    Business & Finance

    Busan-based shipbuilder Hanjin Heavy Industries and Construction (HHIC) is in line to receive an emergency financial boost of USD 109 million from its creditors, led by Korea Development Bank, according to the Korea Economic Daily. The restructuring shipyard has agreed that it will hand over some of its assets, which include the building and land of the East Seoul […]

  • 14 January 2019
    Business & Finance

    Two Chinese shipbuilders have expressed interest in taking over the debt-ridden HHIC-Phil.

  • 7 January 2016
    Business & Finance

    South Korean shipbuilder Hanjin Heavy Industries and Construction (HHIC) is seeking to restructure its debt with its creditors. HHIC said that it was experiencing liquidity shortage and has requested a voluntary agreement with its creditor Korea Development Bank (KDB) to approve a debt rescheduling scheme. Hanjin has been posting losses for six years now due to a […]

  • 25 March 2016
    Business & Finance

    South Korean shipbuilder Hanjin Heavy Industries and Construction (HHIC) has sealed a deal with its creditors on the shipbuilder’s self-rescue plan that will see the two parties enter joint management of the company. However, the agreement, set to enter into force in the coming month and a half, stipulates for major workforce cuts, predominantly through voluntary retirement, […]

  • 4 March 2015
    Business & Finance

    South Korean shipbuilder Hanjin Heavy Industries and Construction (HHIC) has received an order for construction of two Liquefied Petroleum Gas (LPG) carriers. The contract is worth KRW 114.9 bln  (USD 104.1 million), according to the shipbuilder’s filing to the Korea Stock Exchange. Hanjin did not disclose the identity of the client behind the order, saying only […]

  • 29 April 2015
    Business & Finance

    Marshall Islands registered containership owner Costamare Inc. revealed in its quarterly results for 2015 that it has ordered an 11,000 TEU vessel at Hanjin Heavy Philippines (HHIC-PHIL). The vessel is expected to be delivered in December 2016.  Pursuant to a  Framework Agreement with York Capital, Costamare holds a 49% equity interest in the relevant vessel-owning entity. The […]

  • 2 June 2015
    Business & Finance

    Two shipping companies delayed deliveries of their ships from South Korean shipbuilder Hanjin Heavy Industries and Construction (HHIC), the shipbuilder said in a filing to Korea Stock Exchange. An undisclosed Turkish shipping company, most probably Ciner Shipmanagement, has extended the delivery date of its newbuilding bulkers from July to August 2015. The Capesize ships were ordered […]

  • 11 March 2013
    Business & Finance

    HANJIN Heavy Industries and Construction (HHIC)’s Yeongdo Shipyard has sped up normalization of its business by signing a letter of intent to build a USD 300 million Offshore Supply Vessel (OSV) Lately, HHIC has been very aggressive in winning bids. HHIC’s Subic Shipyard has recently won the bid to build 6,800TEU container ships for Technomar, […]

  • 28 October 2015
    Vessels

    Lloyd’s Register has completed a joint project with Hanjin Heavy Industries & Construction to develop a 30,000 cbm LNG carrier design with bilobe type C tanks.

  • 5 March 2018
    Business & Finance

    Exmar has opted for liquefied petroleum gas as fuel for its two LPG carriers ordered in December 2017.

  • 1 June 2015
    Business & Finance

    South Korea’s shipbuilder Hanjin Heavy Industries has received a KRW 75.6 billion (USD 67.9 million) order to built two container ships for an unnamed European owner, the company’s stock announcement shows.  The contract was signed on May 29, and the two boxships are expected to be delivered by the end of November 2016. Hanjin Heavy signed […]

  • 18 December 2015
    Business & Finance

    A contract for construction of a Capesize bulk carrier at Hanjin Heavy Industries & Construction Holdings (HHIC) of Korea has been cancelled, the shipyard said. According to the shipbuilder, the undisclosed Liberian-based owner has cancelled the order having been faced with financial difficulties. Based on the shipbuilders filing with Korea Exchange the order is worth KRW 60.4 […]

  • 25 October 2013
    Business & Finance

    Hanjin Heavy Industry Co. Ltd. announced yesterday in its regulatory filing to the Korea Stock Exchange that the company has won an order worth $109.5 million for the construction of two Capesize bulk carriers. The shipbuilder will deliver the bulkers to a Marshall Islands-based company in late 2015. In 1972, Hanjin ushered in the large carrier […]

  • 23 November 2018
    Business & Finance

    Eastern Pacific Shipping has taken delivery of two Aframax tankers from HHIC-Phil, and ordered two more.

  • 11 May 2016
    Business & Finance

    Cash-strapped South Korean shipbuilder Hanjin Heavy Industries & Construction Co. (HHIC) has signed a Memorandum of Understanding (MoU) on business normalization plan with its creditors, led by the Korea Development Bank, on May 10. The shipbuilder filed a request to restructure its debt with its creditors in January, having been faced with liquidity shortage. Under the deal, valid until […]

  • 11 July 2017
    Business & Finance

    Tanker management company Central Shipping Monaco has placed an order at Hanjin Heavy Industries & Construction (HHIC) in the Philippines for up to four 115,000 dwt tankers. The order includes two firm plus two additional Long Range 2 (LR2) tankers, valued at USD 45 million each, according to Intermodal Research and Valuations. The newbuildings are scheduled for delivery […]