Hyundai Heavy Ind. Co., Ltd.
Hyundai Heavy Industries Co., Ltd. (HHI) is one of the world's largest shipbuilding companies, based in Ulsan, South Korea. Founded in 1972 by the Hyundai Group, HHI has grown into a global leader in various industries, including shipbuilding, offshore engineering, industrial plants, and engine machinery.
Key Business Areas:
Shipbuilding: HHI is renowned for its shipbuilding capabilities. They build a wide range of ships, such as oil tankers, bulk carriers, container ships, and special-purpose vessels like drilling ships and naval ships. Their advanced shipyards have earned a reputation for high-quality construction and timely delivery.
Offshore and Engineering: HHI designs and constructs offshore facilities including fixed platforms, floating units, and subsea pipelines. Their expertise includes both oil and gas exploration, as well as production projects.
Industrial Plant and Engineering: This division focuses on the design and construction of industrial plants in various sectors, including oil and gas, petrochemical, and power generation. Their services extend to engineering, procurement, construction, and project management.
Engine and Machinery: HHI manufactures a wide range of engines and machinery, including marine and stationary diesel engines, power generation equipment, industrial robots, and heavy machinery. They provide engines not only for their own shipbuilding projects but also to external clients worldwide.
Electro Electric Systems: This segment focuses on manufacturing and supplying electric equipment such as transformers, circuit breakers, and power electronics. They aim to contribute to electrical infrastructure development globally.
Green Energy: Recognizing the global shift towards renewable energy, HHI has invested in developing technologies related to solar power and eco-friendly energy solutions.
Achievements and Innovations:
- Technology: HHI has been a pioneer in adopting advanced technologies in its operations. This includes digitalization, automation, and smart ship technologies.
- Global Reach: The company has a global presence with facilities and offices around the world, ensuring they can meet international demand effectively.
- Sustainability: Committed to sustainable practices, HHI has been working on reducing environmental impact through innovation and efficient operational practices.
Current Status:
As of the most recent updates, HHI is part of HD Hyundai, the rebranded entity that includes various Hyundai Group companies. This restructuring aims to streamline operations and enhance competitiveness in the global market.
Challenges:
Like many industrial giants, HHI faces challenges including volatile global markets, environmental regulations, and competition from other major shipbuilders. They continue to innovate and diversify their business to mitigate these challenges.
Conclusion:
Hyundai Heavy Industries Co., Ltd. remains a pivotal player in the shipbuilding and heavy industries sectors. With its extensive range of products and services, HHI continues to impact global trade, energy, and infrastructure development significantly.
Hyundai Heavy Industries News
LNG Vessel Elisa Ardea Delivered to EDF
Earlier this month the liquefied natural gas (LNG) carrier Elisa Ardea was delivered. The vessel is owned by France LNG Shipping, a joint venture between NYK and Geogas LNG, and under a long-term charter contract with EDF LNG Shipping. The vessel was built at Hyundai Samho Heavy Industries.Elisa Ardea will be chartered to the EDF Group long-term (up to 20 years, including extension options) and will be engaged in LNG transportation under the ship management of Gazocean…
Shipbuilding Shares Soar After Trump, Yoon Call
South Korean President Yoon Suk Yeol spoke with Donald Trump on Thursday and congratulated him on winning the U.S. presidency on the "Make America Great Again" slogan as officials in Seoul worked to prepare for "significant" economic changes.Yoon and Trump held a 12-minute phone call and discussed the close security and economic ties of their two countries across all areas, a senior South Korean official…
CMA CGM Takes Delivery of LNG-Powered Mermaid Containership
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…
Maersk’s first 16,200 TEU Methanol-Fueled Ship Launched
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…
HD KSOE Engineering Vice Chairman Receives Industrial Award
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…
GE Vernova's SeaGreen Power and Propulsion for Excelerate Energy's New FSRU
GE Vernova’s Power Conversion recently won a contract award from HD Hyundai Heavy Industries Co. to supply GE Vernova’s SeaGreen integrated power and propulsion system, equipped with high power-density induction motor technology, to power and propel the next-generation FSRU for United States ship owner Excelerate Energy Inc."The FSRU, to be constructed at HD Hyundai Heavy Industries’ shipyard, is to be fitted with the latest…
Hyundai Heavy Industries Selects Wärtsilä for VLEC Cargo Handling and Fuel Supply Systems
Finland-based marine equipment and technology group Wärtsilä has won a contract with Hyundai Heavy Industries (HHI) shipyard to supply the cargo handling and integrated fuel gas supply systems for Very Large Ethane Carrier (VLEC) vessels. This latest order, booked by Wärtsilä in Q1, 2023, is for two VLECs being built for Japanese ship owner Iino Line.The Wärtsilä equipment is scheduled for delivery to the yard in mid-2024.In February 2023…
Kongsberg Maritime to Supply Propulsion Systems for Six Philippine Navy Vessels
Norway's Kongsberg Maritime has won an order for six sets of controllable pitch propeller systems from South Korea's Hyundai Heavy Industries for installation in six new 94-meter offshore patrol vessels for the Philippine Navy.Each propulsion set will consist of twin Kongsberg Kamewa Controllable Pitch Propeller (CPP) 86 A/5 D-B systems, as well as shaft lines, hydraulic power units, local operating panels, and accessories.
ABS Grants AIP for HHI's Hi-ReGAS+ Regasification System
Classification society ABS announced it has awarded approval in principle (AIP) for a next-generation, highly efficient concept of a regasification system (Hi-ReGAS+) for floating storage regasification units (FSRUs) and floating liquefied natural gas (LNG) terminals that uses natural circulation.The technology was developed by Korea Shipbuilding & Offshore Engineering (KSOE), the intermediate holding company of Hyundai Heavy Industries Group…
Maersk Orders Six Methanol-fueled Containerships
A.P. Moller - Maersk announced it has ordered six more large containerships that can sail on green methanol as the Danish shipping giant makes headway toward its goal to achieve net-zero emissions across its entire business by 2040.Ordered to replace existing tonnage in the Maersk fleet, the six vessels will be built by Hyundai Heavy Industries (HHI) and will each have a nominal capacity of approximately 17…
Digitalization: Palantir Inks $20m Deal with Hyundai Heavy Industries
Palantir Technologies signed a deal valued at $20 million over five years to expand its partnership with South Korea's Hyundai Heavy Industries Group, one of the world's largest shipbuilding conglomerates. The conglomerate's shipbuilding affiliates including Hyundai Heavy will use Palantir's operating system, known as Foundry, to strengthen data-driven decision making, said Palantir's Chief Operating Officer Shyam Sankar.Companies in the export-driven economy…
LR Awards HHI Design Approval for LCO2 carrier
Lloyd’s Register (LR) has awarded Design Approval to South Korean shipbuilder Hyundai Heavy Industries (HHI) for the development of the world’s first 40,000m3 liquefied carbon dioxide carrier.At 239 meters long and 30 meters wide, the LCO2 carrier design will be the largest in its class. The vessel will be equipped with seven IMO Type C cargo tank that use an innovative new steel design, allows tanks to be constructed with lighter scantling whilst remaining structural integrity.
IMI, Hyundai Heavy Industries Expanding Shipbuilding Partnership
International Maritime Industries (IMI), the largest shipyard in the MENA region, has expanded its partnership with Hyundai Heavy Industries (HHI) through a technical service agreement to further enhance its shipbuilding capabilities.Under the agreement, HHI will provide technical assistance and consulting services in Very Large Crude Oil Carrier (VLCC) engineering to IMI, reflecting its commitment…
KR Grants AIP for LNG-fueled LCO2 Carrier
A concept for a liquefied natural gas (LNG)-fueled 40,000-cubic-meter-capacity liquefied CO2 carrier has received approval in principle (AIP) from classification society Korean Register (KR).Interest in CO2 capture, transport and burial is growing as an intermediate step to achieving carbon neutrality, leading to greater demand for technology for LCO2 carriers which can safely transport carbon dioxide…
Methanol Dual-fuel VLCC Design Gets Class Approval
A methanol dual fuel 300,000 DWT crude oil carrier (VLCC) has received Approval In Principle (AIP) from classification society Korean Register (KR).The methanol dual-fuel VLCC, which was developed under a joint project between KR and shipbuilder Hyundai Heavy Industries (HHI), is powered by methanol and marine gas oil (MGO). HHI has developed the vessel so that the methanol fuel tank can be placed…
KSOE's New LNG Fuel Supply System Gets DNV AIP
Korea Shipbuilding & Offshore Engineering (KSOE) and its subsidiary Hyundai Heavy Industries (HHI) have received an approval in principle (AIP) from DNV for their newly developed waste heat-derived liquefied natural gas (LNG) fuel supply system Hi-eGAS (Hyundai High Efficient Gas Supply System) for 300K very large crude carriers (VLCC).Currently, LNG fuel propulsion ships have used boilers to make hot steam, which has converted LNG into a gas at room temperature to supply a ship’s engine.
EPS Plans to Order Ammonia Dual-fuel Gas Carrier from HHI
Eastern Pacific Shipping (EPS) announced it intends to order an ammonia dual-fuel gas carrier that will be built at South Korea's Hyundai Heavy Industries (HHI) for delivery as early as 2025, as shipowners explore emissions-reducing alternative fuels on their path to decarbonization.At the Posidonia trade fair in Athens on Monday, the Singapore-headquartered shipowner signed a memorandum of understanding (MOU) with HHI…
LNG Carrier Sails from US to South Korea Using Autonomous Navigation
A 180,000-square-meter-capacity liquefied natural gas (LNG) carrier is said to be the world's first large cargo ship to cross the Pacific using autonomous navigation.Built by Hyundai Heavy Industries in 2021 and delivered to SK Shipping in South Korea, the vessel Prism Courage is equipped with HiNAS 2.0, Level 2 autonomous navigation solution developed by Avikus, a subsidiary of HD Hyundai (former Hyundai Heavy Industries Group).According to Avikus…
Shuttle Tanker Eagle Colombo Delivered to AET
Shipping company AET on Wednesday took delivery of Eagle Colombo, its latest second generation dynamic positioning shuttle tanker (DPST) from Korean shipbuilder Hyundai Heavy Industries (HHI).The Singapore-registered newbuild is the third and final vessel in a HHI-built series to be operated on long-term charter to Shell in Brazil.AET struck a deal with Shell in December 2019 to operate the three shuttle tankers in the international and Brazilian Basin on a long-term charter.
GTT Designs Fuel Tanks for Six New LNG-fueled Containerships
French engineering firm GTT said it has been chosen in April 2022 by Korean shipyard Hyundai Heavy Industries to design the cryogenic fuel tanks of six liquefied natural gas (LNG) fueled containerships.The vessels for the unnamed owner are scheduled to be delivered between the fourth quarter of 2024 and the second quarter of 2025.These six vessels will have a capacity of 7,900 containers each and will be equipped with LNG tanks, holding up to 6,000 m3 of LNG used as fuel.