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Hyundai Heavy Industries News

27 Feb 2024

Japan Continues to Lead Shipowner Rankings

© Carabay / Adobe Stock

VesselsValue has unveils this year’s top 10 shipowning nations, reviewing the total asset values for vessels by beneficial owner country. From Japan's resolute leadership in the top position with a USD 206.3 billion fleet to the emergence of Hong Kong at USD 44.7 billion, asset values and ownership strategies have changed considerably over the last 12 months, says Rebecca Galanopoulos-Jones, Senior Content Analyst, Veson Nautical.The data provided by VesselsValue and analysed by Veson is valid as of February 2024.

27 Feb 2024

Preparing for Change, ABS Enhances the Marine Vessels Rules Book

Copyright KengVit14/AdobeStock

As maritime faces transcendent changes in regards to decarbonization, digitalization and automation, innovators from inside and outside of the industry will be challenged to deliver new applications and technologies with increased speed and frequency. Sitting at the center of the innovation storm are classification societies, and earlier this year the American Bureau of Shipping (ABS) became the first classification society to incorporate goal-based standards throughout major rule sets, enhancing its ability to handle the increasing flow of novel concepts and new technologies.

15 Feb 2024

CMA CGM Takes Delivery of LNG-Powered Mermaid Containership

CMA CGM Mermaid containership (Credit: CMA CGM)

French container shipping group CMA CGM has taken delivery of the CMA CGM Mermaid, the first ship in a series of 10 new 2,000 TEU containerships powered by liquefied natural gas (LNG), which will be progressively deployed in the Mediterranean and Northern Europe.CMA CGM Mermaid containership is the result of collaboration between CMA CGM, Chantiers de l'Atlantique, and Hyundai Heavy Industries.The delivery is part of CMA CGM's fleet renewal program, in which the group invested more than $15 billion…

01 Feb 2024

Cradle-to-Grave LNG Carrier Study Spotlights Crucial Role of Alternative Fuels for GHG Reduction

© moofushi / Adobe Stock

Alternative fuels, green steel and renewable energy are fundamental to greenhouse gas (GHG) emissions reduction during the life cycle of a vessel, an industry-first cradle-to-grave study on a newbuild LNG carrier has revealed.Carried out by Lloyd’s Register, Knutsen, HD Korea Shipbuilding and Offshore Engineering (HD KSOE), and HD Hyundai Heavy Industries (HHI), the analysis has highlighted the environmental output at each stage of a vessel’s life.Namely, the six-month study, which began in June 2023…

25 Jan 2024

Maersk Names First Large Methanol-Enabled Vessel

Source: Maersk

The world’s first large methanol-enabled container ship has been named Ane Mærsk at a ceremony in the shipyard of HD Hyundai Heavy Industries in Ulsan, South Korea.The 16,000 TEU vessel is named after Ane Mærsk Mc-Kinney Uggla, the Chair of the A.P. Moller Foundation and A.P. Moller Holding. Ane’s eldest granddaughter served as godmother, and christened the vessel by breaking a champagne bottle over the bow.Ane Mærsk is the first of Maersk’s 18 large methanol-enabled vessels that will be delivered between 2024 and 2025.

22 Jan 2024

TEN Sells 2005-built Suezmax Tanker

(File photo: TEN)

Tsakos Energy Navigation (TEN) on Monday announced it has sold one of the older vessels in its fleet, noting it plans to sell additional vessels in the near future.The 164,608 dwt suezmax tanker Eurochampion 2004, built at South Korea's Hyundai Heavy Industries in 2005, was sold to an undisclosed buyer in a deal expected to contribute approximately $40 million to the TEN’s cash balances, the Greek shipowner said.In announcing the sale, TEN noted its management is in continuous discussions for further vessel sales in the near future.The company also announced it has taken delivery of two 115…

18 Jan 2024

GTT Gets Tank Design Order for Three VLECs

© ID_Anuphon / Adobe Stock

French engineering company GTT has received two orders for the tank design of three new Very Large Ethane Carrier (VLEC) newbuilds.The order is from HD Hyundai Heavy Industries on behalf of an Asian shipowner, GTT informed.The French company will design the tanks for these three vessels, which will each offer a total capacity of 98,000 m3.The tanks will be fitted with the Mark III membrane containment system developed by GTT. The new order brings to 25 the number of VLECs (ordered…

16 Jan 2024

Purus Selects DNV to Class Its First VLEC Newbuilds

Purus’ VLEC (Credit: Purus)

UK-headquartered shipowner Purus has selected DNV to class its two Very Large Ethane Carriers (VLEC) newbuilds.The vessels have been contracted at HD Hyundai Heavy Industries (HHI) in South Korea and scheduled for delivery in 2026-2027.With a cargo carrying capacity of 98,000cbm, the two VLECs will be fitted with GTT’s Mark III membrane containment system.The vessels will be equipped with dual-fuel ethane engines and optimized cargo handling systems to reduce emissions and will also be EEDI Phase III compliant.Once delivered…

09 Jan 2024

Nakilat Grows Fleet with Six New LNG and LPG Carriers

(Credit: Nakilat)

Qatar-based energy shipping company Nakilat has placed orders to with Hyundai Samho Heavy Industries (HSHI) of South Korea for the construction of six new LNG and LPG carriers.The order includes two LNG carriers with a cargo capacity of 174,000 cubic meters each and four very large LPG/ammonia gas carriers, with a substantial cargo capacity of 88,000 cubic meters.The vessels are set to be delivered between 2026 and 2027, Nakilat said.Upon delivery, Nakilat's LNG fleet will expand to 71 vessels…

22 Dec 2023

Capital Product Partners Move Forward with $3.1B Acquisition of 11 LNG Carriers

(Credit: Capital Gas)

New York-listed shipowner Capital Product Partners L.P. (CPLP) has closed the umbrella agreement from November 2023, moving forward with the $3.1 billion acquisition of 11 newbuild LNG carrier vessels.CPLP entered into umbrella agreement with Capital Maritime & Trading Corp. and Capital GP on November 13, providing for the acquisition of 11 newbuild liquefied LNG carriers.Upon the closing of the umbrella agreement on Thursday, CPLP entered into 11 share purchase agreements to acquire 100% of the equity interests in each vessel-owning company.Each Vessel will have a capacity of 174…

07 Dec 2023

Maersk to Deploy First Large Methanol-Enabled Vessel on AE Trade

Source: Maersk

A.P. Moller - Maersk is about to launch the first of its 18 large methanol-enabled vessels currently on order. On February 9, 2024, it will enter service on the AE7 string connecting Asia and Europe, which includes port calls in Shanghai, Tanjung Pelepas, Colombo and Hamburg, with Ningbo, China, being its first destination.The container vessel built by Hyundai Heavy Industries (HHI) in South Korea has a nominal capacity of 16,000 TEU and is equipped with a dual-fuel engine enabling…

06 Dec 2023

GTT Designing Tanks for Purus VLECs

Source: Purus

GTT has received an order from HD Hyundai Heavy Industries for the tank design of two new very large ethane carriers (VLEs), on behalf of shipowner Purus.GTT will design the tanks of these two vessels, which will each offer a capacity of 98,000m3. The tanks will be fitted with the Mark III membrane containment system developed by GTT.Delivery is scheduled between the fourth quarter of 2026 and the second quarter of 2027.The vessels will feature dual-fuel ethane engines and optimized cargo handling systems, enabling lower CO2 and SOx emissions.

04 Dec 2023

Maersk Tankers, Mitsui Order Up to 10 Very Large Ammonia Carriers

(Photo: Maersk Tankers)

Maersk Tankers confirmed an order for up to 10 very large ammonia carriers (VLAC) has been placed with Hyundai Samho Heavy Industries in Korea. Mitsui & Co., Ltd. will join as a co-investor in the first four vessels. The vessels will be operated by Maersk Tankers.The 93,000 cbm newbuilds will be among the largest ammonia carriers in operation, capable of carrying a full cargo of ammonia. The first four firm VLACs are due to be delivered from late 2026 onwards, and the contract…

20 Nov 2023

WinGD to Supply Methanol-fueled Engines for Six New Containerships

WinGD’s methanol test engine at its Engine Research and Innovation Centre in Switzerland (Photo: WinGD)

Swiss marine power company WinGD announced it will supply X-DF-M methanol-fueled engines for a series of six container vessels to be built at Yangzijiang Shipbuilding in China. The 9,000 TEU vessels will each be powered by an X82DF-M engine built by HD Hyundai Heavy Industries’ Engine & Machinery Division (HHI-EMD), to be delivered in August 2025. The new vessel series will enter service in 2026 and 2027.The new order, which includes options for further engines, expands WinGD's methanol engine orders into the 82-bore size.

17 Nov 2023

Purus Orders Two VLECs from South Korean Shipbuilder

Credit: Purus

Purus said Friday it had ordered two 98,000 cbm very large ethane carriers (VLEC) from Hyundai Heavy Industries in South Korea, scheduled for delivery in 2026 and 2027. According to Purus, the VLECs vessels will feature dual-fuel ethane engines and optimized cargo handling systems, enabling lower CO2 and SOx emissions. "Additional energy-saving devices will further contribute to emission reductions. Both vessels shall be delivered directly into long-term time charters." Purus said.Financial details were not disclosed.

16 Oct 2023

Exmar Orders Ammonia-Powered Midsize Gas Carriers

Image Credit: Exmar

Exmar LPG has ordered two ammonia-powered Midsize Gas Carriers (MGCs) from Hyundai Mipo Dockyard in South Korea.According to the company, a joint venture between EXMAR and Seapeak, the ships will be the first-ever oceangoing vessels to be propelled by dual-fuel ammonia engines, allowing for close to zero emissions trading when using ammonia. The engines will be delivered by Swiss marine power company WINGD, and the fuel supply system by Finland-based Wärtsilä Gas Solutions.Carl-Antoine Saverys…

10 Oct 2023

Maersk’s first 16,200 TEU Methanol-Fueled Ship Launched

Source: Maersk

The first in a new series of 12 methanol-fueled container ships being built by Hyundai Heavy Industries for Maersk has been launched.The series will be fitted with MAN G95ME-LGIM10.5 EGR-TC engines. Compared to industry-standard vessels, these 350-meter (1,148-foot) 16,000 TEU vessels will be 20% more energy efficient per transported container. The vessels will have a 16,000m3 methanol tank, so they will be able to complete an entire round-trip, for example Asia-Europe, on green methanol.The crew accommodation and bridge will be located at the bow to enable increased container capacity.

04 Oct 2023

ABS Joins Korean Partners on 3D Printing Project

Darren Leskoski (second from left), ABS Vice President, Regional Business Development, joins other project partners at the MOU signing in Busan.

ABS signed a memorandum of understanding to work with key stakeholders in Korea to develop and demonstrate a 3D printing system for ocean-going vessels.Using a digital library for the design process, the system aims to support rapid maintenance, repair and operations by using 3D printing, also known as additive manufacturing (AM), to manufacture parts on a vessel while at sea.ABS joins project partners Ulsan Metropolitan City, Ulsan ICT Promotion Agency, Korea Institute of Industrial Technology…

27 Sep 2023

QatarEnergy Orders 17 Ultra-Modern LNG Carriers for $3.9 Billion

Credit: QatarEnergy

Qatari oil and gas company QatarEnergy has ordered 17 "ultra-modern" LNG carriers from South Korea's HD Hyundai Heavy Industries (HHI).The deal, signed at a ceremony in Seoul, is valued at 14.2 billion Qatari Riyals (currently around $3,9 billion), and marks the start of the second phase of QatarEnergy's LNG ship acquisition program, which will support its expanding LNG production capacity from the North Field LNG expansion and Golden Pass LNG export projects as well as its long…

26 Sep 2023

HD KSOE Engineering Vice Chairman Receives Industrial Award

Ga Sam-hyeon (Source: HD KSOE)

HD Korea Shipbuilding & Marine Engineering Vice Chairman Ga Sam-hyeon has received the Silver Tower Order of Industrial Service Merit for his contribution to national industrial development.The award was made in recognition of his achievements as a manager who contributed to the development and take-off of Korea's shipbuilding industry.The award was presented at the 20th Shipbuilding and Maritime Day Ceremony held in Seoul on September 20.Ka joined the ship sales division of HD…

20 Sep 2023

Japanese Yard Orders 16 HiMSEN Methanol Engines

Source: HD Hyundai Heavy Industries - Engine & Machinery

HD Hyundai Heavy Industries - Engine & Machinery has announced that it recently signed a contract for 16 sets of HiMSEN methanol dual-fuel engines (8H32DF-LM) and selective catalytic reduction systems with Tsuneishi Shipbuilding in Japan.The engines are for four vessels which will be built at the Tsuneishi Zhoushan Shipyard in China, and the engines will be delivered to the shipyard starting in January 2025.Earlier this year, HD Hyundai Heavy Industries - Engine & Machinery signed…

11 Sep 2023

ABS Signs On Dual-fuel Ammonia Carrier Project

Left to right: John McDonald, President and COO, ABS; Cyril Ducau, CEO of EPS; Seung Yong Park, COO / Senior EVP, Hyundai Heavy Industries; Kenneth Lim, Assistant Chief Executive, Industry and Transformation, MPA; and Thomas Hansen, Director, MAN Energy Solutions. (Photo: ABS)

Classification society ABS announced it has signed a memorandum of understanding (MOU) to review an innovative new design from HD Hyundai Heavy Industries (HHI) for a dual-fuel, very large ammonia carrier (VLAC) for Eastern Pacific Shipping Pte. Ltd. (EPS).ABS joins project partners EPS, HHI and HHI Engine & Machinery Division, MAN Energy Solutions and the Maritime and Port Authority of Singapore.Fueled by ammonia and liquified natural gas (LNG), the 88K/93K cbm vessel design is expected to meet the demand for greenhouse gas reduction…

08 Sep 2023

Equinor to Supply Fuel for Maersk's Methanol-powered Containership

(Photo: A.P. Moller - Maersk)

Danish shipping company A.P. Moller - Maersk announced it has signed an agreement with Norwegian energy company Equinor to secure supply of methanol for its new methanol-enabled feeder vessel during its initial months of operation from September 2023 and into the first half of 2024.The agreement ensures methanol supply for the ship from its entry into operation on a loop from Northern Europe into the Baltic Sea after the name giving ceremony later this month in Copenhagen. The green methanol will be bunkered in Rotterdam.The 2…

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