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Monday, February 17, 2025
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Hyundai News

12 Feb 2025

S. Korea Shipyards Soar as U.S. Bill Eyes Navy, USCG Ship Construction Options

Copyright  Busan Oppa/AdobeStock

Shares in South Korean shipbuilders HD Hyundai Heavy Industries and Hanwha Ocean rose more than 15% and 16%, respectively, today, after two U.S. senators debuted a bill to allow the U.S. Navy to build naval vessels in a shipyard located in a U.S. allied country.Senators Mike Lee (R-UT) and John Curtis (R-UT) have introduced two new bills aimed at enhancing the readiness and capabilities of the United States Navy and Coast Guard. The "Ensuring Naval Readiness Act" and the "Ensuring…

11 Feb 2025

Svanehøj CO₂ Pumps for INEOS’ Project Greensand

Project Greensand. Photo Credit INEOS

INEOS selected ITT’s Svanehøj to supply CO₂ pumps for the onshore facility and the first LCO₂ carrier for Project Greensand in the Danish North Sea. This strategically significant order further strengthens Svanehøj’s position in carbon capture and storage (CCS), reinforcing its track record as a trusted specialist in critical equipment for liquefied gas.The INEOS-led Project Greensand will become the EU’s first full-scale CO₂ storage facility, contributing to climate change mitigation.

06 Feb 2025

FMC Approves Operation of Premier Alliance

Source: HMM

The US Federal Maritime Commission (FMC) has announced that the Premier Alliance Agreement (No. 201435) can take effect on February 9, 2025.The Premier Alliance is replacing THE Alliance, but does not include Hapag-Lloyd which instead entered the Gemini Cooperation with Maersk.The new arrangement allows Hyundai Merchant Marine (HMM), Ocean Network Express (ONE) and Yang Ming to share vessels on trade lines between the United States and Asia, the Middle East and Europe.The cooperation is comprised of mainline services across the major East – West Tradelines: Asia – North America West Coast…

05 Feb 2025

Amogy Expands Operations to South Korea

Source: Amogy

Amogy, a provider of ammonia-to-power solutions has announced the expansion of its operations into South Korea with the opening of an office in the Pangyo Techno Valley.This will Amogy close to established investors and partners, including SK Innovation, Samsung Heavy Industries, HD Hyundai, Hanwha, SV Investment, and Korea Zinc.Korea’s status as an early adopter in ammonia and hydrogen fuel technologies, along with robust national policies that support the clean tech economy, was a major driver in Amogy’s decision to establish a local presence.

28 Jan 2025

Nakilat Announces 2024 Profit

Qatar Gas Transport Company (Nakilat) has announced a 2024 net profit of QAR 1.64 billion ($450 million), an increase of 5.1% compared to QAR 1.56 billion ($428 million) for the same period in 2023.Nakilat says the result demonstrates operational efficiency, its ability to seize emerging opportunities and its resilience in navigating the challenges of the global energy transportation market.Nakilat’s commitment to meeting the growing demand for clean energy transport continues to take shape.

24 Jan 2025

DNV, HMD, KSOE Join Forces for Electric Propulsion Digital Test Standards

(Credit: DNV)

DNV has signed a memorandum of understanding (MoU) with HD Hyundai Mipo (HMD) and HD Korea Shipbuilding & Offshore Engineering (KSOE) to collaborate on developing new standards for using digital twins to test electric propulsion systems.The collaborative project aims to resolve issues related to the integration of highly complex vessel systems for electric propulsion. Utilizing hardware in the loop (HiL) testing via digital twins of the different systems enables integration tests to be performed both earlier in the process on a much broader and deeper level.Together…

23 Jan 2025

Acceptance Test Completed for Powerful Dual-Fuel 4-Stroke Engine

Source: HD HHI

HD Hyundai Heavy Industries - Engine and Machinery has completed the factory acceptance test (FAT) of the world’s first H54DF HiMSEN engine at HD Hyundai Engine in South Korea.The 6-cylinder H54DF engine is a dual-fuel engine capable of running on both natural gas and diesel, with a power output of around 12,000 horsepower. It boasts the highest power output per cylinder among 4-stroke engines worldwide. It offers approximately three times the output of existing dual-fuel engines…

21 Jan 2025

ABS grants AiP for HD KSOE's Hydrogen Vacuum Insulation System

Liquified hydrogen carrier (c) HD KSOE

HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has received ABS approval in principle (AIP) for a tank design that enables large-scale hydrogen transport and storage.The vacuum insulation system from HD KSOE is designed to reduce the time required to create a vacuum in large tanks, essential for transportation. The new technology allows maintaining a vacuum state at –253℃, which KSOE says enables safer and loss-free transport of large quantities of liquid hydrogen.ABS completed design reviews based on class and statutory requirements.

20 Jan 2025

AIP: KSOE Earns Nod for Liquefied Hydrogen Tank Tech

Demonstration of the large-scale tank vacuum system. Attended by representatives from HD KSOE, Woodside Energy, MOL, Glovis, and DNV.
Image courtesy DNV

DNV awarded an AiP to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for its innovative vacuum-insulated large-scale liquefied hydrogen tank, another advancement in providing practical storage solutions for liquefied hydrogen (LH2).Developing cost-effective and flexible large-scale liquid hydrogen storage with higher safety, and lower operational and capital cost is essential if LH2 is to realize its promise for decarbonizing industries such as transportation, shipping, and power generation.

14 Jan 2025

Large Vacuum-Insulated Liquid Hydrogen Tank Gains AiP



The large-scale tank vacuum system with representatives from HD KSOE, Woodside Energy, M.O.L. and Hyundai Glovis. (Source: LR)

Lloyd's Register (LR) has awarded Approval in Principle (AiP) to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for its pioneering vacuum-insulated large-scale liquid hydrogen (LH₂) tank system. The successful testing of a large-scale vacuum chamber for this AiP marked the world’s first technical validation of large-scale LH₂ tank insulation design.The vacuum insulation system addresses some of the most pressing challenges of using hydrogen in the maritime industry: the scalability of liquefied hydrogen storage and transportation of the fuel, says LR.

07 Jan 2025

Maritime News Roundup: Shipbuilding, Wreck Removals and Subsea Security

Copyright GT

A few choice 'news of note' from other leading new sources around the globe - January 6, 2025.2025 Target: $18.5B in Shipbuilding OrdersAccording to Business Korea, HD Korea Shipbuilding & Offshore Engineering set its shipbuilding target for 2025 at $18.5B, a mammoth jump from last year's $13.5B target. Of the $18.5B, $9.7 is targeted to HD Hyundai Heavy Industries; $3.8B for HD Hyundai Mipo; and $4.5B for HD Hyundai Samho.In the Navy [Business]In related but separate news from the South Korean shipbuidling sector…

26 Dec 2024

Maritime Propulsion Choices Begin with Fuel, End with Politics

Image courtesy Cummins

The maritime industry’s elusive quest to achieve so-called ‘zero’ emissions continues. Where it ends is not a one-size-fits-all discussion.The year-end maritime industry discussions tend to move away from global influence and back drift to national and domestic debates. As this happens, a positioning of a relatively small group of American owners and operators prepare for the upcoming business year and markets. The propulsion debate continues to be future fuels based upon sustainability and climate change.

23 Dec 2024

Great Ships of 2024: Ane Mærsk - World’s First Large Methanol-Fueled Containership

Image courtesy A.P. Moller - Mærsk

When talk turns to fuel transition in the maritime sector, the conversation usually starts with: ‘yes, change is happening, but the majority of the world fleet continues to operate as it always has; with diesel fuel’ and ends with ‘change is being driven by a handful of pioneers: the big companies.’Enter Danish shipping giant A.P. Moller - Mærsk, one of the biggest and most innovative companies operating ships globally today, and its world’s first large methanol-enabled container vessel dubbed Ane Mærsk…

19 Dec 2024

LNG Vessel Elisa Ardea Delivered to EDF

Image courtesy NYK

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, a French ship-management company.Elisa Ardea is propelled by…

16 Dec 2024

H-Line to Outfit 30 Vessels with Autonomous Nav Tech

Image courtesy Avikus

Avikus, HD Hyundai’s Autonomous Navigation Technology subsidiary, secured an order for its HiNAS Control autonomous navigation solutions, inking a contract with H-Line Shipping. H-Line plans to first apply HiNAS Control to five vessels to validate its safety and efficiency, with the intention to expand its deployment to as many as 30 vessels by next year. The signing ceremony was attended by Sung-joon Kim, CEO of HD Korea Shipbuilding and Offshore Engineering, Do-hyeong Lim, CEO of Avikus, and Myung-deuk Seo, CEO of H-Line Shipping.

10 Dec 2024

JAXPORT Enhances Global Reach with New Partnerships

With the upcoming dissolution of the 2M Alliance in early 2025, JAXPORT is maintaining and growing its global container services through strategic partnerships with the world's top ocean carriers. New and modified service routes through JAXPORT will provide expanded global connectivity and access to new and emerging markets.Three primary changes are taking place beginning in February 2025.The Gemini Cooperation – an alliance between Maersk and Hapag-Lloyd – has added JAXPORT to a new, direct service calling Cartagena, Colombia, opening doors not only to South American markets but also to the global Gemini network, including ports in Asia…

05 Dec 2024

Has U.S. Shipbuilding Reached an ‘Atlas Shrugged’ Moment?

© Joseph Creamer / Adobe Stock

Each year, as we prepare for the largest U.S. based maritime industry conference in New Orleans, we tend to look back on the state of the industry and initiatives that were announced from the conference that took place the year before. 2023 provided us with plenty to talk about. In September of 2023, while the International Maritime Organization (IMO) and the global shipbuilding industry were fixated on “emissions” and alternative fuels, U.S. Secretary of the Navy Carlos Del Toro held the opening meeting of the Government Shipbuilders Council.

01 Dec 2024

Maersk Names Newest Vessel After Founder

Source: Maersk

A.P. Moller - Maersk has named its newest dual-fuel methanol container vessel A.P. Møller in honor of Arnold Peter Møller, the founder of A.P. Moller – Maersk.The newbuild is the ninth vessel in Maersk’s fleet capable of operating on methanol.A.P. Møller is part of a series of 18 large dual-fuel methanol vessels scheduled for delivery in 2024 and 2025. Built at Hyundai Heavy Industries in Ulsan, South Korea, the 16,592 TEU vessel is the eighth large dual-fuel methanol vessel to join the Maersk fleet in 2024.Arnold Peter Møller (1876-1965) and his father…

30 Oct 2024

DNV Issues AiP for HD HHI’s Dual-Fuel Ammonia Container Ship

(Credit: DNV)

DNV has awarded an Approval in Principle (AiP) to HD Hyundai Heavy Industries (HD HHI) for its 15K TEU ammonia dual-fuelled container vessel design.This award follows the successful completion of a joint development project aimed at addressing the challenges associated with using ammonia as a marine fuel.The project focused on developing cutting-edge designs to enhance safety, including an optimized ammonia tank design, advanced fire safety systems, enhanced ammonia release mitigation…

29 Nov 2024

Maersk Eyes 15-20% Alternative Fuels to Power its Fleet In 2030

(Credit: Maersk)

Alternative fuels could account for up to a fifth of A.P. Moller-Maersk's marine fuel consumption in 2030 as part of its goal to reach net zero by 2040, a senior company executive said on Thursday.The container shipping giant typically consumes between 10 and 11 million metric tons of fuel oil equivalent per year, of which 3% were alternative fuels last year, Emma Mazhari, vice president, head of energy markets, told reporters.The world's fleet moves more than 80% of global trade…

13 Nov 2024

Industry Partnership to Develop Safety Guidelines for Ship-to-Ship Ammonia Bunkering

(Credit: Korean Register)

A landmark partnership to develop the safety guidelines for ship-to-ship ammonia bunkering has been established through a memorandum of understanding (MOU) between KR (Korean Register), HD Korea Shipbuilding & Offshore Engineering (HD KSOE), HD Hyundai Heavy Industries (HD HHI), KSS Line, and the Liberian Registry.As the demand for ammonia-fueled vessels rises, this partnership aims to establish robust safety standards for STS ammonia bunkering, an efficient method for supplying fuel to ammonia-fueled vessels.The safe bunkering of alternative fuels…

05 Nov 2024

FMC Seeks Public Comment on Container Shipping Alliance Agreement

© Daniel / Adobe Stock

The US Federal Maritime Commission (FMC) has opened a 15-day comment period for members of the public to comment in response to a newly filed vessel sharing agreement between Ocean Network Express (ONE), Hyundai Merchant Marine (HMM) and Yang Ming Marine Transportation (Yang Ming).ONE, HMM and Yang Ming are parties to THE Alliance Agreement (No. 012439) that is currently in effect.The five-year agreement, titled the Premier Alliance Agreement, authorizes the three ocean common carriers to share vessels…

07 Nov 2024

Shipbuilding Shares Soar After Trump, Yoon Call

Copyright luzitanija/AdobeStock

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 said on Thursday.South Korea's ambassador to the United States also visited Trump's Mar-a-Lago home in Florida to meet with members of the president-elect's camp…