hyundai heavy industries

By Abhishek Vishnoi and Kyunghee Park (Bloomberg) — The world’s second-largest shipbuilder has split itself into four companies, a move that would

By Kyunghee Park (Bloomberg) — The world’s two biggest shipbuilders reported profit and issued an improved outlook, indicating South

South Korean shipbuilder Hyundai Heavy Industries says it has manufactured its 5,000th ship propeller at its Ulsan factory. The milestone propeller measures

South Korean shipbuilder Hyunday Heavy Industries confirmed Wednesday that Chevron has cancelled a $1.8 billion (2.1 trillion won) order for a floating

SEOUL, Dec 10 (Reuters) – South Korean shipbuilder Hyundai Heavy Industries Co Ltd received a $650 million order to build 10 ships for Iran’s

SEOUL, Nov 15 (Reuters) – South Korea’s Hyundai Heavy Industries is being split into four companies, with its non-shipbuilding businesses being

By Kyunghee Park (Bloomberg) — Hyundai Merchant Marine Co., the South Korean shipping company currently under creditor banks’ control, tumbled the most

By Kyunghee Park (Bloomberg) — Hyundai Heavy Industries Co. gained the most in more than a year in Seoul trading after the world’s largest shipbuilder

By Kyunghee Park (Bloomberg) — Hyundai Heavy Industries Co. reported its biggest quarterly profit in three years as the world’s largest shipbuilder cut

South Korean shipbuilder Hyundai Heavy Industries says it has delivered the world’s largest semi-submersible drilling rig to Diamond Offshore. The rig,

By Kyunghee Park (Bloomberg) — The world’s three biggest shipyards, battered by the deepest industry slump in at least two decades, are getting a

By Kyunghee Park (Bloomberg) — The world’s three biggest shipyards plan to raise a combined 8.41 trillion won ($7.3 billion) selling assets as part of

By Christine Kim SEOUL, May 12 (Reuters) – They are South Korea’s “too-big-to-fail” firms – the world’s largest

SEOUL, May 9 (Reuters) – South Korea’s Hyundai Heavy Industries Co Ltd, the world’s biggest shipbuilder by revenue, will slash more jobs and

The world’s largest shipbuilder Hyundai Heavy Industries is set to slash 10% of its workforce this year as part of the South Korean shipbuilding

By Kyunghee Park and Jonathan Burgos (Bloomberg) — For many Asian shipyards, 2015 was a brutal year. This year could be even worse. With oil prices

SEOUL, Jan 4 (Reuters) – Hyundai Heavy Industries Co Ltd said on Monday it is plans an order target of $19.5 billion in 2016, down from a target of

The Aasta Hansteen spar is designed by Technip-USA and is currently being built by Hyundai Heavy Industries in South Korea. The facility will be the first spar

A unit of Fred Olsen Energy has decided to cancel its contract with Hyundai Heavy Industries for a newbuild semi-submersible drilling rig amid a

  By David Fickling (Bloomberg View) — Things had been looking more hopeful for Korea’s three largest shipbuilders, until today. After seven