News and Updates on HD Hyundai
HD Hyundai Records 30.8953 trillion won Revenue and 1.006 trillion won Operating Profit in H1
▶ Q2 revenue reached 15.6213 trillion won and operating profit 472.6 billion won
▶ Shipbuilding, construction equipment and electric power device units achieving solid earnings
▶ HD Korea Shipbuilding & Offshore Engineering’s revenue at 5.4536 trillion won, up 30.2% YoY
▶ H2 earnings expected to stay stable following acceleration of profit improvement in shipbuilding unit and improved oil refining market
Korea Shipbuilding & Offshore Engineering to Develop Fuel Cell System with European Research Institute and Stack Manufacturer Partner
▶ Korea Shipbuilding & Offshore Engineering (KSOE) signs an MOU with Fraunhofer IKTS of Germany and fuel cell component manufacturer Elcogen, based in Estonia and Finland
▶ MOU lays out a plan to develop a prototype of large-capacity solid oxide fuel cell systems
▶ KSOE aims to acquire fuel cell manufacturing capabilities and water electrolysis technology to establish a hydrogen value chain
Korea Shipbuilding & Offshore Engineering Sets to Usher in the Era of Unmanned Ships
▶ Korea Shipbuilding & Offshore Engineering (KSOE) aims to demonstrate machinery and safety system automation as the next step to successful autonomous transoceanic voyage
▶ After completion of demonstration in 2024, the company plans to employ unmanned ship technologies for the first time in large merchant vessels
HD Hyundai Announces a New "Ocean Transformation" Vision
▶Kisun Chung, CEO of HD Hyundai announces core vision to drive "Ocean Transformation"
▶HD Hyundai aims to pioneer the ocean's infinite potential, expand human territory and lead sustainable growth
▶Top executives of partners such as Palantir and GE pledge participation in HD Hyundai's journey toward realizing the new vision
Hyundai Heavy Industries Group to Present 'Ocean Transformation' Plans at CES 2023
▶ Present sustainable ocean transformation vision on its second participation in CES
▶ Unveil various ocean related plans including 'Ocean Mobility' and marine data platform
▶ Aim to realize the ocean's potential with future technologies
Hyundai Heavy Industries Group Wins Nine CES 2023 Innovation Awards with Its Next Generation Technology in Green Energy and Mobility
▶ Five subsidiaries of Hyundai Heavy Industries Group including Korea Shipbuilding & Offshore Engineering and Hyundai Electric, receive awards for their flagship products
▶ Hyundai Heavy Industries Group aims to lead global market by leveraging technology recognized for its potential and competitive edge
HD Hyundai CEO Ki-sun Chung discussed expanding cooperation with Minister of Investment of Saudi Arabia
▶ CEO Chung checked the progress in collaboration projects such as the Saudi Arabian shipyard International Maritime Industries (IMI) and the engine manufacturing joint venture
▶ “We expect stronger cooperation based on the continued development of the collaborative relationship with Saudi Arabia,” said CEO Chung.
HD Hyundai’s Avikus Joined World’s Biggest Boat Show, proving its Leadership in Autonomous Navigation
▶ HD Hyundai introduced "NeuBoat,” the level 2 autonomous navigation solution for recreational boats, in Fort Lauderdale, the United States.
▶ HD Hyundai signed an agreement for tech collaboration with a global top-tier boat company to pioneer new markets.
▶ "Aiming for KRW 200 billion of sales in 2026, HD Hyundai will commercialize the technology mainly in the United States and Europe next year."
Korea Shipbuilding & Offshore Engineering to demonstrate fuel cell-applied ship operation
▶ KSOE signed a consortium agreement to demonstrate fuel cells for ships with Shell, Doosan Fuel Cell, HyAxiom, and DNV.
▶ The LNG carrier installed with Solid Oxide Fuel Cell will perform its demonstration on the actual trade route in 2025 for one year.
▶ "This demonstration is expected to preoccupy next-generation eco-friendly ship technologies and speed up marine decarbonization."
Hyundai Heavy Industries Group Accelerates Zero-Carbon Transition with Maersk
▶ KSOE signed a contract for six methanol-powered container ships with integrated logistics company Maersk
▶ So far, KSOE has won orders from Maersk for 19 methanol-fueled container ships
▶ "Methanol is now in the spotlight as the next-generation eco-friendly fuel∙∙∙will make an effort to lead the eco-friendly ship market."