Hyundai Heavy Industries (HHI) News

Korea Shipbuilding & Offshore Engineering (KSOE), Hyundai Heavy Industries (HHI) Group’s intermediate holding company controlling the Group’s shipbuilding units, won orders to build six new ships worth KRW 1 trillion in total.   KSOE announced on December 16 that it recently signed contracts with shipping companies based in Europe, Bermuda, and Asia to construct four 174,000m³ LNG carriers and two 318,000-ton very large crude oil carriers (VLCCs). Enhancing operation...

HMM held a naming ceremony for a 24,000 TEU-class containership ‘HMM Algeciras’, the world’s largest containership, at the DSME (Daewoo Shipbuilding & Marine Engineering)’s Okpo shipyard in Geoje, Korea. Distinguished guests attending the ceremony  About 160 distinguished persons attended the ceremony, including Moon Jae-in (President of the Republic of Korea), Hong Nam-ki (Deputy Prime Minister and Minister of Economy and Finance), Moon Seong-hyeok (Minister o...

Hyundai Heavy Industries (HHI) established for the first time in Korea’s shipbuilding industry ‘Co-Prosperity Business Office’ under the direct control of its CEO, with an aim to build a new win-win business model with its partner companies.   For this, HHI expanded and reorganized the existing business unit responsible for supporting partner companies, led by a Senior Vice President-level Executive, into Co-Prosperity Business Office with three departments staffed with...

On September 28th, HMM signed the formal contracts for its twenty eco-friendly mega containerships with three shipyards - Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI), and Samsung Heavy Industries (SHI). DSME and SHI will build seven and five 23,000 TEU containerships, respectively, which are expected for delivery in the second quarter of 2020. HHI will construct eight 15,000 TEU containerships to be delivered in the second quarter of 2021. The Ceremonies...

HMM has signed its letter of intent for its mega containership orders with three shipyards – Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering (DSME), and Samsung Heavy Industries. Since HMM sent out a Request for Proposal (RFP) to shipbuilding companies on April 10, HMM has considered all the conditions for newbuilding including delivery date and price of new ships suggested by shipbuilders, and finally selected three shipbuilders to sign a Letter of Intent (LOI) for...