Tuesday, July 6, 2021
Shipbuilding

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...

July 6, 2021
Total Views: 1808

Tuesday, June 29, 2021
Shipping

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...

June 29, 2021
Total Views: 1588

Wednesday, June 16, 2021
Shipyard of Hyundai Heavy Industries
Finance

Hyundai Heavy IPO Is Coming In Hot

South Korean shipyards and shipowners will raise billions of dollars via new stock market listings later this year. The yards hope to capitalize on the start of a shipping “super-cycle”...

June 16, 2021
Total Views: 1903

Wednesday, March 3, 2021
Shipping

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...

March 3, 2021
Total Views: 1428

Thursday, April 2, 2020
daewoo shipbuilding
Maritime News

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...

April 2, 2020
Total Views: 19

Tuesday, December 17, 2019
daewoo shipbuilding
Maritime News

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...

December 17, 2019
Total Views: 29

Monday, August 19, 2019
Shipyard of Hyundai Heavy Industries
Maritime News

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...

August 19, 2019
Total Views: 100

Thursday, January 31, 2019
hyundai heavy shipyard
Interesting

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...

January 31, 2019
Total Views: 120

Wednesday, January 30, 2019
daewoo shipbuilding
Maritime News

Hyundai Heavy Seeks Stake in Rival DSME -Official

SEOUL, Jan 30 (Reuters) – South Korea’s Hyundai Heavy Industries Group, the world’s biggest shipbuilder, is interested in buying a stake in second-ranked rival Daewoo Shipbuilding & Marine Engineering, a...

January 30, 2019
Total Views: 10

Thursday, December 27, 2018
hyundai heavy industries shipbuilding
Maritime News

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...

December 27, 2018
Total Views: 15

Thursday, March 29, 2018
Lloyd's Register
Maritime News

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...

March 29, 2018
Total Views: 5

Monday, October 23, 2017
very large ore carrier
Maritime News

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....

October 23, 2017
Total Views: 25

Sunday, July 30, 2017
Shipyard of Hyundai Heavy Industries
Maritime News

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...

July 30, 2017
Total Views: 3

Wednesday, May 31, 2017
News

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...

May 31, 2017
Total Views: 9

Wednesday, May 10, 2017
hyundai heavy shipyard
Offshore

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...

May 10, 2017
Total Views: 20

Thursday, April 27, 2017
Maritime News

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...

April 27, 2017
Total Views: 5

Friday, February 3, 2017
News

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....

February 3, 2017
Total Views: 22

Wednesday, December 14, 2016
News

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...

December 14, 2016
Total Views: 7

Saturday, December 10, 2016
hyundai heavy industries shipbuilding
News

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...

December 10, 2016
Total Views: 22

Tuesday, November 15, 2016
Shipyard of Hyundai Heavy Industries
Interesting

World’s No. 1 Shipbuilder, Hyundai Heavy Industries, Announces Four-Way Split

SEOUL, Nov 15 (Reuters) – South Korea’s Hyundai Heavy Industries is being split into four companies, with its non-shipbuilding businesses being spun off to improve management efficiency and competitiveness, the...

November 15, 2016
Total Views: 8