Search results for: Hyundai Heavy Industries

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  • 21 April 2016

    South Korean shipbuilding company Hyundai Heavy Industries is reportedly set to slash 10 percent of its workforce, a preemptive move to survive the protracted slump in the shipbuilding industry. South Korean Pulse News reported on Thursday, quoting industry sources, that the shipbuilding giant will reportedly cut 10 percent of its total 27,000 employees including those working at […]

  • 21 November 2013

    Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd. (MHI-MME), a group company of Mitsubishi Heavy Industries, Ltd. (MHI), has received orders from Hyundai Heavy Industries Co., Ltd. (HHI) of Korea for four Ultra Steam Turbine (UST) plants. The UST plants will be installed on four LNG (liquefied natural gas) carriers that HHI is building […]

  • 30 August 2013

    Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder, announced that it won a USD 1.4 billion order to build five 18,000 TEU class and five 14,000 TEU class containerships from the United Arab Shipping Company (UASC) on August 29. The 18,000 TEU class boxships and 14,000 TEU class boxships are scheduled to be delivered from […]

  • 27 September 2013

    Knutsen NYK Offshore Tankers AS (KNOT), of which NYK has a 50% share, held a naming ceremony, September 25th, for a new shuttle tanker that is being built at Hyundai Heavy Industries. The ceremony was attended by KNOT president Trygve Seglem, NYK senior managing corporate officer Hitoshi Nagasawa, and NYK corporate officer Svein Steimler, among […]

  • 25 March 2015
    Business & Finance

    South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has revealed plans to integrate overlapping roles and responsibilities across HHI and its shipbuilding affiliates, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries. The move comes within the conglomerate’s drive to realign the business. HHI recently identified four areas of overlap for phase one of functional integration, […]

  • 9 January 2014

    DHT Holdings, Inc. (DHT) has declared its option to construct a Very Large Crude Carrier at Hyundai Heavy Industries Co., Ltd. (HHI) in South Korea. The order for the third VLCC is worth $92.7 million, including certain additions and upgrades to the standard specification. The contractual terms are the same as for the two VLCC […]

  • 23 May 2019
    Vessels

    South Korean shipbuilding giant Hyundai Heavy Industries (HHI) booked an order for a pair of liquefied natural gas carriers on Thursday. 

  • 15 April 2019
    Project & Tenders, Vessels

    South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has won an order for a 174,000 cbm LNG carrier.

  • 13 November 2013

    Hyundai Heavy Industries (HHI) today held a launching ceremony for its fifth frigate, ROKS Jeonbuk. The launch ceremony was attended by the Chief of Naval Operations Admiral Mr. Hwang Ki-chul, governor of Northern Jeolla Province Mr. Kim Wan-ju, Hyundai Heavy’s president & CEO Mr. Lee Jai-seong and other government and military officials in Ulsan shipyard. […]

  • 4 December 2013

    A consortium comprising of Mitsui O.S.K. Lines, Ltd. (MOL), Nippon Yusen Kabushiki Kaisha (NYK), Kawasaki Kisen Kaisha, Ltd.(“K” Line) and the Shipping Corporation of India (SCI), on Dec 2nd 2013, concluded an agreement with Hyundai Heavy Industries Co. Ltd. to build a new 173,000 m3 Moss type LNG carrier. The four-company consortium also announced an agreement […]

  • 20 January 2014

    Hyundai Heavy Industries (HHI) today began building the first of five 19,000 TEU containerships for China Shipping Container Lines (Hong Kong) Co., Ltd. The shipowner upgraded the original order for five 18,400 TEU containerships to ones capable of delivering 600 more containers. These new ships will be the largest containerships ever built. The world’s largest […]

  • 17 July 2015
    Business & Finance

    South Korean shipbuilding giant Hyundai Heavy Industries (HHI) and NYSE -listed Accenture are collaborating to design a ‘connected smart ship’ aimed at enabling ship owners to better manage their fleets and achieve potential operational savings through the application of digital technologies. Using a network of sensors that will be built into new vessels, ship owners will […]

  • 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 […]

  • 25 December 2019
    Vessels

    South Korean shipbuilding giant Hyundai Heavy Industries has booked a new order for a pair of liquefied natural gas (LNG) carriers worth $376 million. 

  • 4 May 2018
    Business & Finance

    Hyundai Heavy Industries Co. swung to a net loss in Q1 2018 amid decreased work volume across all segments.

  • 18 October 2013

    Strainstall Marine, a part of James Fisher and Sons plc, has recently secured an order to supply their StressAlert Hull Stress Monitoring system (HSMS) to Hyundai Heavy Industries for their new 18,000 twenty-foot equivalent units (TEU) carrier. The container carrier is owned by China Shipping Container Lines and installation of the HSMS is scheduled for […]

  • 19 December 2019

    South Korean shipbuilding giant Hyundai Heavy Industries Group said it has secured orders for a total of six liquefied natural gas carriers from European and Asian shipowners, totaling $1.13 billion. 

  • 17 July 2015
    Business & Finance

    South Korean shipbuilding giant Hyundai Heavy Industries (HHI) and NYSE -listed Accenture are collaborating to design a ‘connected smart ship’ aimed at enabling ship owners to better manage their fleets and achieve potential operational savings through the application of digital technologies. Using a network of sensors that will be built into new vessels, ship owners will […]

  • 25 February 2014

    MacGregor, part of Cargotec, has won an order for two subsea cranes from South Korean shipyard Hyundai Heavy Industries Co Ltd. The active heave-compensated cranes will have an SWL of 100-tonnes and 25-tonnes respectively. They will be fitted on board a new 160m heavy construction vessel (hull 2654) being built at the yard for global […]

  • 22 January 2014

    Solvang ASA and partners have signed a contract with Hyundai Heavy Industries, Korea, for the construction of one 60,000 cbm LPG carrier. The vessel is scheduled for delivery in Q3 2015. Solvang now has three sister vessels on order at the shipyard scheduled for delivery between Q1-Q3 2015. Principal Particulars LOA: 203 m Beam: 33.2 […]

  • 28 April 2016
    Business & Finance

    South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has laid off 25 per cent of its executives as a first step within the framework of its massive job-cutting plan, expected to include up to 3,000 jobs. HHI embarked on an ambitious restructuring plan in 2014 which is expected to include slashing of 10 percent of its […]

  • 7 October 2013

    Hyundai Heavy Industries’ shipyard in Ulsan, South Korea (HHI) delivered LNG vessel ‘Lena River’ (Hull Number 2557) on Friday, 4 October. The Gazprom Marketing & Trading (GM&T) group will time charter ‘Lena River’ from Greek LNG tanker operator Dynagas for several years. She will be the third vessel on charter between GM&T group and Dynagas after […]