News and Updates on HD Hyundai
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HD Hyundai Records 30.8953 trillion won Revenue and 1.006 trillion won Operating Profit in H1
2023.07.28
▶ 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
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Korea Shipbuilding & Offshore Engineering to Develop Fuel Cell System with European Research Institute and Stack Manufacturer Partner
2023.01.09
▶ 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
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Korea Shipbuilding & Offshore Engineering Sets to Usher in the Era of Unmanned Ships
2023.01.08
▶ 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
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HD Hyundai Announces a New "Ocean Transformation" Vision
2023.01.04
▶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
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Hyundai Heavy Industries Group to Present 'Ocean Transformation' Plans at CES 2023
2022.12.01
▶ 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
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Hyundai Heavy Industries Group Wins Nine CES 2023 Innovation Awards with Its Next Generation Technology in Green Energy and Mobility
2022.11.17
▶ 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
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HD Hyundai CEO Ki-sun Chung discussed expanding cooperation with Minister of Investment of Saudi Arabia
2022.11.12
▶ 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.
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HD Hyundai’s Avikus Joined World’s Biggest Boat Show, proving its Leadership in Autonomous Navigation
2022.10.27
▶ 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."
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Korea Shipbuilding & Offshore Engineering to demonstrate fuel cell-applied ship operation
2022.10.11
▶ 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."
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Hyundai Heavy Industries Group Accelerates Zero-Carbon Transition with Maersk
2022.10.05
▶ 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."
