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
With the U.S. Navy and U.S. Coast Guard FY 2025 budget requests offering uninspiring news for traditional shipbuilders, industry observers might be forgiven for checking out and dismissing 2024 as just another dull year in the frustrating business of government shipbuilding.But with an election season underway and an increasingly disorderly sea
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.
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.
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.
French engineering firm GTT has received two orders from its Korean partner HD Korea Shipbuilding & Offshore Engineering (HD KSOE) to design the cryogenic fuel tanks for 12 new LNG-fueled container vessels on behalf of CMA CGM.Under these new orders, HD Hyundai Heavy Industries (HHI) and HD Hyundai Samho (HSHI) will each build six container ships.
American Bureau of Shipping (ABS) has issued an approval in principle (AiP) for a 50K DWT ammonia-powered tanker design from HD Hyundai Mipo.The vessel will feature an ammonia engine designed by WinGD and manufactured by HD Hyundai Heavy Industries – Engine & Machinery Division (HHI-EMD).
Cerberus Capital Management agreed to lease part of its 350-hectare Philippine shipyard in Subic Bay to HD Korea Shipbuilding and Offshore Engineering, which plans to build a facility there to manufacture offshore wind platforms.The shipyard was run by Hanjin Philippines before it defaulted on loans worth $1.3B in 2019.
HD Hyundai Marine shares closed up 97% versus their initial public offering (IPO) price in the company's trading debut on Wednesday, after a 742 billion won ($538 million) IPO, South Korea's largest in two years.The successful listing of the ship maintenance and repair firm, backed by U.S. private equity giant KKR, paves the way for other potential offerings to come to market.
U.S. shipbuilder Philly Shipyard announced it has signed a memorandum of understanding (MOU) with the world's largest shipbuilding group, South Korea's HD Hyundai Heavy Industries (HHI), to explore a potential business relationship relating to future U.S. government shipbuilding projects as well as maintenance, repair and overhaul (MRO) projects.
Mitsui O.S.K Lines (MOL) has signed non-binding memorandum of understanding (MoU) with Woodside Energy, HD Korea Shipbuilding and Offshore Engineering (HD KSOE), and Hyundai Glovis to jointly study the development of shipping solutions to enable bulk marine transportation of liquid hydrogen.Woodside Energy, HD KSOE and Hyundai Glovis have been studying liquid hydrogen transportation since 2022.
Accelleron has signed an agreement with HD Hyundai Marine Solution (HD HMS) that simplifies access to its digital turbocharger optimization solutions for vessels built or serviced by the world’s biggest shipbuilder, HD Korea Shipbuilding & Offshore Engineering.As part of the agreement