Friday, September 17, 2021
Tuesday, July 6, 2021
Euronav Announces Ammonia-Fueled Tanker Project and New Ship Orders
Belgian tanker company Euronav (NYSE: EURN) has announced a partnership to help accelerate the development of new dual fuel ammonia-powered tankers. The Joint Development Program involves Euronav along with other...
Tuesday, June 29, 2021
HMM Orders 12 Containerships at DSME and Hyundai Heavy
South Korean shipping company HMM has reached shipbuilding agreements for the construction of twelve 13,000 containerships valued at $1.57 billion. The order was split between South Korean shipyards Daewoo Shipbuilding...
Wednesday, June 16, 2021
Wednesday, March 3, 2021
Saudi Arabia to Ship Gas to South Korea and Take CO2 Back
By Verity Ratcliffe, Seyoon Kim and Kyunghee Park (Bloomberg) — Saudi Arabia plans to ship gas to South Korea where it will be used to make hydrogen, and the carbon dioxide...
Thursday, April 2, 2020
EU Antitrust Regulators Halt Hyundai, Daewoo Deal Probe
BRUSSELS, April 2 (Reuters) – EU antitrust regulators have halted their investigation into world No. 1 shipbuilding group Hyundai Heavy Industries’ $1.8 billion merger with Daewoo while waiting for the...
Tuesday, December 17, 2019
Hyundai Heavy’s $1.8 Billion Deal with DSME Hits EU Antitrust Hurdle
By Foo Yun Chee BRUSSELS, Dec 17 (Reuters) – World No. 1 shipbuilding group Hyundai Heavy Industries Holdings Co Ltd’s $1.8 billion merger with rival Daewoo could inflate prices, EU...
Monday, August 19, 2019
Billionaire Succession Stirs Protest at World’s Largest Shipyard
By Yoojung Lee (Bloomberg) — Park Jin-ok was one of the first to take voluntary retirement at Hyundai Heavy Industries Co. after working as a welder for the world’s largest...
Thursday, January 31, 2019
South Korea to Combine World’s Two Biggest Shipbuilders in $2 Billion Deal
By Hyunjoo Jin SEOUL, Jan 31 (Reuters) – Hyundai Heavy Industries, the world’s biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1.98 billion) to take...
Wednesday, January 30, 2019
Thursday, December 27, 2018
Empty Shipyard and Suicides as “Hyundai Town” Grapples with Grim Future
By Hyunjoo Jin and Heekyong Yang ULSAN, South Korea, Aug 13 (Reuters) – When Lee Dong-hee came to Ulsan to work for Hyundai Heavy Industries five years ago, shipyards in the...
Thursday, March 29, 2018
LNG-Fuelled Very Large Ore Carrier Design Receives Class Approval
South Korean shipbuilder Hyundai Heavy Industries (HHI) has received approval in principle from classification society Lloyd’s Register for a LNG-powered Very Large Ore Carrier. The VLOC concept was developed...
Monday, October 23, 2017
Hyundai Heavy to Build Five More VLOCs for Polaris Shipping
South Korean shipbuilder Hyundai Heavy Industries (HHI) has announced that it has signed a $400 million contract to build an additional five Very Large Ore Carriers (VLOCs) for Polaris Shipping....
Sunday, July 30, 2017
Oil Trader Vitol Places LPG Ship Order at Hyundai Heavy
SEOUL, July 30 (Reuters) – South Korea’s Hyundai Heavy Industries Co has won a contract worth up to $600 million from Vitol, the world’s largest independent oil trader, for as...
Wednesday, May 31, 2017
Saudi Aramco Signs Deals to Build Persian Gulf’s Biggest Shipyard
By Reem Shamseddine KHOBAR, Saudi Arabia, May 31 (Reuters) – Saudi Aramco plans to build the Gulf’s largest shipyard through a joint venture with three companies that it announced on...
Wednesday, May 10, 2017
Hyundai Heavy’s $11 Billion Breakup Paves Way for More Deals
By Abhishek Vishnoi and Kyunghee Park (Bloomberg) — The world’s second-largest shipbuilder has split itself into four companies, a move that would facilitate a potential sale of some of the...
Thursday, April 27, 2017
World’s Top Two Shipyards Signal More Orders as Earnings Improve
By Kyunghee Park (Bloomberg) — The world’s two biggest shipbuilders reported profit and issued an improved outlook, indicating South Korea’s shipyards may finally be emerging from two years of restructuring. Daewoo Shipbuilding...
Friday, February 3, 2017
Hyundai Heavy Industries Produces 5,000th Propeller
South Korean shipbuilder Hyundai Heavy Industries says it has manufactured its 5,000th ship propeller at its Ulsan factory. The milestone propeller measures 10.6 meters in diameter and weather 77 tons....
Wednesday, December 14, 2016
Chevron Cancels $1.8 Billion FPSO Order at Hyundai Heavy Industries
South Korean shipbuilder Hyunday Heavy Industries confirmed Wednesday that Chevron has cancelled a $1.8 billion (2.1 trillion won) order for a floating production storage offloading (FPSO) destined for Chevron’s Rosebank...
Saturday, December 10, 2016
Hyundai Heavy Lands $650 Million Ship Order from Iran -Yonhap
SEOUL, Dec 10 (Reuters) – South Korean shipbuilder Hyundai Heavy Industries Co Ltd received a $650 million order to build 10 ships for Iran’s state-owned shipping company, South Korea’s Yonhap...
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