Giant Icebreaker – Hyundai Heavy testing 190,000 DWT ice-breaking ore carrier

Screen shot 2011-08-24 at 10.10.08 AM

Hyundai Heavy Industries says it has completed final performance testing on a scale model of a 190,000 DWT icebreaking iron ore carrier that, once completed, will be the world's largest ice-breaking commercial ship. Measuring 310m long by 51 m wide, the vessel will be able carry twice as much cargo as similar ships built to date, and capable of navigating in 1.7m thick ice … [Read more...]

HHI Goes Mobile


South Korean shipbuilder Hyundai Heavy Industries has gone mobile, launching the world's first after-sales services (A/S) for ships accessible via a smartphone. Called m-PASS, the mobile A/S system allows shipowners to monitor the status of a ships equipment, retrieve information about a ships equipment makers, and easily find contact points for maintenance staff. With … [Read more...]

Hyundai Heavy 2Q Net Down 17% On Year At KRW538.8 Bln

Hyundai Heavy Industries shipyard

Image (c) Hyundai Heavy Industries SEOUL (Dow Jones)--Hyundai Heavy Industries Co. (009540.SE), the world's largest shipbuilder by orders, said Wednesday its second-quarter net profit fell 17% on year as high thick steel plate costs weighed on the shipbuilding business. "There were few deliveries of high-end offshore facilities (in the second quarter) and, in particular, … [Read more...]

Hyundai to build a pair of LNG ships for Greece’s Maran Gas

MARAN GAS ASCLEPIUS - IMO 9302499 Gilbert Cailler

MARAN GAS ASCLEPIUS - photo by Gilbert CAILLER SEOUL -  South Korea's Hyundai Samho Heavy Industries has inked an order for two 164,000m³ LNG carriers with Greece's Maran Gas, an LNG division subsidiary of Angelicoussis Shipping Group. 
The shipbuilder said Sunday that the price for the membrane type LNG carrier is $200m per ship. 
The pair is set for delivery in … [Read more...]

Drillships, LNG help Hyundai Heavy bounce back in 2011

hyundai champion drillship

SEOUL (Dow Jones)--Hyundai Heavy Industries Co. (009540.SE), the world's largest shipbuilder by orders, expects its new ship orders to exceed $7.47 billion this year, though demand in the second half is unlikely to match that of the first six months of 2011, the company's chief executive said Tuesday. "Orders for (nine) drill ships were the biggest catalyst in the first half … [Read more...]

Chalk it up: Hyundai Heavy clinches $1.2 billion drillship order

this is what it looks like to spend and sell 1.2 billion

Hyundai Heavy Industries said today it clinched a USD 1.12 billion order to build two drillships for drilling contractor Rowan Companies Inc. on May 31. The vessels, rated for operations in water 12,000 ft (3,657 m) deep, are scheduled to be delivered by the second half of 2013.  The contract also includes an option exercisable by Rowan to order an additional same class … [Read more...]