News and Updates on Hyundai Heavy Industries Group
HHI Group Exceeds Annual Shipbuilding Order Target
Hyundai Heavy Industries (HHI) Group has over-fulfilled its annual target for shipbuilding orders ahead of the 2018 year-end, recently concluding a contract to build two state-of-the-art frigates for the South Korean Navy.
HCE Embarks on Developing Next-Generation Construction Platform
Hyundai Construction Equipment (HCE) said on Monday it has signed a memorandum of understanding to partner up with SK Telecom (SKT), South Korea’s top mobile operator, and Trimble, a California-based global leader of positioning services, to develop a “Smart Construction” solution. Each party will bring its own expertise to the development, aiming to commercialize the solution by 2020.
HMD Gains Foothold in Small-Scale LNG Carrier Segment
Hyundai Mipo Dockyard (HMD) became Korea’s first shipbuilder to win an order for a small-to-medium-sized liquefied natural gas (LNG) carrier from a foreign shipping company, gaining momentum to pioneer the emerging small-scale LNG tanker segment.
HHI Opens Korea’s Largest Comprehensive Training Center for Occupational Safety
Hyundai Heavy Industries (HHI) held an opening ceremony of HHI Integrated Safety Training Center on Tuesday at the headquarters office in Ulsan, attended by CEO Han Young-seuk, government officials from Ministry of Employment and Labor and other representatives of labor and management.
HSHI Wins New Order for Two LNG Carriers
Hyundai Samho Heavy Industries (HSHI) signed a contract worth USD 370 million with Greece’s Consolidated Marine Management (CMM), to build two 174,000㎥ liquefied natural gas (LNG) carriers for sequential delivery from 2021.
HHI Builds World’s First 'Cyber Security-Ready' Vessel
Hyundai Heavy Industries (HHI) said last Monday it has recently earned a Cyber Security-Ready (CS-Ready) Notation from the American Bureau of Shipping (ABS) for a very large crude carrier (VLCC) it built to deliver to a European shipowner at the end of this month.
HHI Group Shows Commitment to Shareholder-Friendly Actions
Hyundai Electric and its parent Hyundai Heavy Industries (HHI) Holdings respectively resolved a bonus issue and purchase of an additional 3% stake in the subsidiary at their respective Board of Directors’ meetings held on Friday.
HCE Launched Korea’s First Electric Mini-Excavator
Hyundai Construction Equipment (HCE) announced that it developed a Korea’s first battery-powered mini-excavator in collaboration with the global engine maker Cummings.
Hyundai Oilbank Strikes Long-Term Direct Supply Deal with Mexico
Hyundai Oilbank said it has signed a long-term supply agreement with PMI, the commercial arm of Mexico’s state-run oil company Pemex, to provide 2.1 million barrels of gasoline in the first half of next year.
HHI Wins USD 210-Million Contract for Two Shuttle Tankers
HHI won the USD 210-million contract to build two 153,000 DWT shuttle tankers with Norwegian shipping company KNOT. The vessels will be constructed from the first half of 2019 in HHI’s Ulsan yard and will be delivered in order from June 2020.