ULSAN, South Korea, May 9 (Korea Bizwire) — HD Hyundai Heavy Industries is undertaking a sweeping overhaul of its Ulsan shipyard under a new “Visible Safety” initiative aimed at modernizing aging facilities and reinforcing workplace safety culture, the company announced Friday. Launched in response to risks associated with the nearly 50-year-old plant, the project focuses on [...]
SEOUL, May 8 (Korea Bizwire) — HD Hyundai is embarking on a pioneering effort to develop South Korea’s first humanoid robot specialized in welding, teaming up with leading AI and robotics companies to advance automation in shipbuilding. The company announced Wednesday that its subsidiaries — HD Korea Shipbuilding & Offshore Engineering and HD Hyundai Robotics — [...]
SEOUL, May 4 (Korea Bizwire) — As the second Trump administration signals renewed interest in U.S.-Korea collaboration in shipbuilding, South Korea is eyeing an opportunity to revitalize its maritime industry. However, analysts warn that meaningful gains will require overcoming major domestic obstacles, including limited U.S. infrastructure and an acute labor shortage at home. According to a [...]
SEOUL, May 1 (Korea Bizwire) — HD Hyundai Heavy Industries Co. and Hanwha Ocean Co., South Korea’s leading shipbuilders, have pledged to strengthen cooperation with the United States in naval shipbuilding and maintenance during a visit by a top U.S. Navy official this week, according to the companies Thursday. U.S. Secretary of the Navy John [...]
SEOUL, April 30 (Korea Bizwire) – U.S. Secretary of the Navy John Phelan visited South Korea’s leading shipbuilders, HD Hyundai Heavy Industries Co. and Hanwha Ocean Co., Wednesday, as Washington seeks to strengthen bilateral cooperation in the sector under President Donald Trump. Phelan, on a two-nation Asia trip also involving Japan, visited HD Hyundai Heavy’s [...]
SEOUL, April 30 (Korea Bizwire) — Donald Trump Jr., the eldest son of U.S. President Donald Trump, met with Hanwha Group Vice Chairman Kim Dong-kwan and his two younger brothers to discuss potential partnerships in the shipbuilding, defense and energy sectors, local media reported Wednesday. Trump Jr. arrived in Seoul late Tuesday ahead of scheduled [...]
SEOUL, April 29 (Korea Bizwire) — South Korea will set up a long-term strategy this year to commercialize autonomous marine vehicle technology as part of efforts to innovate the shipping industry, the oceans minister said Tuesday. “Autonomous ships utilizing cutting-edge digital technologies, such as artificial intelligence (AI), will play a significant role in improving maritime [...]
SEOUL, April 24 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said Thursday its net income more than tripled in the first quarter from a year earlier on increased sales and strong demand for high-value vessels. The consolidated net profit of South Korea’s top shipyard came to 611.6 billion won (US$427.8 [...]
SEOUL, April 16 (Korea Bizwire) – Acting President Han Duck-soo said Wednesday that strengthening shipbuilding cooperation with the United States could provide an opportunity for the South Korean shipbuilding industry to “make a leap forward.” Han made the remark during his visit to HD Hyundai Heavy Industries (HHI) Co.’s shipyard in Ulsan, 305 kilometers southeast [...]
SEOUL, April 8 (Korea Bizwire) — Samsung Heavy Industries Co., the world’s third-largest shipbuilder by orders, said Tuesday it has received a 477.8 billion-won (US$325 million) order to build four oil carriers in the Oceania region. Samsung Heavy plans to deliver the four vessels in phases to an unidentified Oceanian shipper by December 2028, the [...]