News and Updates on Hyundai Heavy Industries Group
HHI Holdings Reports 2018 Consolidated Financial Results
Hyundai Heavy Industries (HHI) Holdings released on Thursday its consolidated financial results for 2018, highlighted by sales of KRW 27.2636 trillion and operating income of KRW 868.6 billion. For the fourth-quarter, sales were at KRW 7.4351 trillion, but operating income recorded a negative figure of KRW 156.7 billion in losses.
Hyundai Oilbank Secures Investment of Max. KRW 1.8 trillion
Hyundai Oilbank has successfully attracted investment from Saudi Arabia’s state-owned oil giant Aramco in the amount of up to KRW 1.8 trillion.
HSHI Wins $130 Million Order to Build Two VLCCs
Hyundai Samho Heavy Industries (HSHI), Hyundai Heavy Industries (HHI)’ shipbuilding affiliate, announced today that it recently won $130 million worth of order to build two 158,000 ton VLCCs from the European Shipping company.
HHI Completes Building Eco-Friendly Engine Power Plant in Colombia
Hyundai Heavy Industries (HHI) held a ceremony last Saturday in Colombia’s northern city of Santa Marta to celebrate the completion of 'Termonorte' engine power plant, attended by Colombian President Iván Duque; Lee Ki-dong, COO of HHI’s Engine Division, Kim Doo-sik, Korean ambassador to Colombia; and other dignitaries.
HHI Group Exceeds Annual Shipbuilding Order Target
Hyundai Heavy Industries (HHI) Group has over-fulfilled its annual target for shipbuilding orders ahead of the 2018 year-end, recently concluding a contract to build two state-of-the-art frigates for the South Korean Navy.
HCE Embarks on Developing Next-Generation Construction Platform
Hyundai Construction Equipment (HCE) said on Monday it has signed a memorandum of understanding to partner up with SK Telecom (SKT), South Korea’s top mobile operator, and Trimble, a California-based global leader of positioning services, to develop a “Smart Construction” solution. Each party will bring its own expertise to the development, aiming to commercialize the solution by 2020.
HMD Gains Foothold in Small-Scale LNG Carrier Segment
Hyundai Mipo Dockyard (HMD) became Korea’s first shipbuilder to win an order for a small-to-medium-sized liquefied natural gas (LNG) carrier from a foreign shipping company, gaining momentum to pioneer the emerging small-scale LNG tanker segment.
HHI Opens Korea’s Largest Comprehensive Training Center for Occupational Safety
Hyundai Heavy Industries (HHI) held an opening ceremony of HHI Integrated Safety Training Center on Tuesday at the headquarters office in Ulsan, attended by CEO Han Young-seuk, government officials from Ministry of Employment and Labor and other representatives of labor and management.
HSHI Wins New Order for Two LNG Carriers
Hyundai Samho Heavy Industries (HSHI) signed a contract worth USD 370 million with Greece’s Consolidated Marine Management (CMM), to build two 174,000㎥ liquefied natural gas (LNG) carriers for sequential delivery from 2021.
HHI Builds World’s First 'Cyber Security-Ready' Vessel
Hyundai Heavy Industries (HHI) said last Monday it has recently earned a Cyber Security-Ready (CS-Ready) Notation from the American Bureau of Shipping (ABS) for a very large crude carrier (VLCC) it built to deliver to a European shipowner at the end of this month.