News and Updates on Hyundai Heavy Industries Group
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.
HHI Group Shows Commitment to Shareholder-Friendly Actions
Hyundai Electric and its parent Hyundai Heavy Industries (HHI) Holdings respectively resolved a bonus issue and purchase of an additional 3% stake in the subsidiary at their respective Board of Directors’ meetings held on Friday.
HCE Launched Korea’s First Electric Mini-Excavator
Hyundai Construction Equipment (HCE) announced that it developed a Korea’s first battery-powered mini-excavator in collaboration with the global engine maker Cummings.
Hyundai Oilbank Strikes Long-Term Direct Supply Deal with Mexico
Hyundai Oilbank said it has signed a long-term supply agreement with PMI, the commercial arm of Mexico’s state-run oil company Pemex, to provide 2.1 million barrels of gasoline in the first half of next year.
HHI Wins USD 210-Million Contract for Two Shuttle Tankers
HHI won the USD 210-million contract to build two 153,000 DWT shuttle tankers with Norwegian shipping company KNOT. The vessels will be constructed from the first half of 2019 in HHI’s Ulsan yard and will be delivered in order from June 2020.
HHI Holdings Targets Chinese Robot Market
In September 20, Hyundai Heavy Industries Holdings (HHI Holdings) participated in China International Industry Fair 2018 (CIIF 2018) held in Shanghai, China and signed agreement with Jiangsu Hagong Intelligent Robot (JHIR) to establish a joint venture for industrial robots. The agreement ceremony was attended by Youn Joong-geun, CEO of HHI Holdings, Qiao Hui, vice chairman of Jiangsu Hagong Intelligent Robot and other guests.
HHI Introduces Next Generation LNG Technology in Gastech 2018
Hyundai Heavy Industries (HHI) will organize Tech Forum for 70 global clients on October 19 in Gastech 2018 held in Barcelona, Spain from October 17 to October 20.
Hyundai Green Energy Signs MOU for Floating Solar Plant with KEPCO KPS
Hyundai Green Energy announced on July 31 that it signed a Memorandum of Understanding (MOU) with the state-run power corporation KEPCO KPS to make mutual cooperation for the development of a total of 170 MW floating solar power plants in its public energy plants.
HCE Commercializes Smart ‘Machine Guidance’ Excavator
Hyundai Construction Equipment (HCE) newly shows an excavator applied to the ‘Machine Guidance (MG)’ technology, the pre-stage technology before an unmanned excavator.