SEOUL, March 12 (Korea Bizwire) — HD Hyundai Heavy Industries Co., a major South Korean shipbuilder, said Wednesday it has signed a strategic cooperation agreement with TerraPower LLC, a nuclear power startup founded by Bill Gates, to expand the manufacturing supply chain for power plants featuring sodium-cooled reactors. Under the partnership, the two companies will [...]
SEOUL, Nov. 22 (Korea Bizwire) — Hanwha Ocean Co. said Friday it has decided to withdraw its complaint filed with the police against shipbuilding rival HD Hyundai Heavy Industries Co., citing what it called a need to cooperate for national interests. “We believe withdrawing the complaint is the right course of action to ensure the [...]
ULSAN, Apr. 4 (Korea Bizwire) — South Korean shipbuilder HD Hyundai Heavy Industries Co. on Thursday delivered a 3,000-ton diesel submarine to the Navy, which will serve as a key asset to deter threats posed by North Korea. The submarine, named after famous Korean independence activist Shin Chae-ho (1880-1936), was delivered to the Navy at [...]
SEOUL, July 6 (Korea Bizwire) — HD Hyundai Heavy Industries Co., the world’s leading shipbuilder by orders, said Wednesday it has developed an eco-friendly heating, ventilation, and air conditioning (HVAC) system for ships using ammonia as a refrigerant. HD Hyundai Heavy has won an approval in principle (AIP) for the system from the American Bureau [...]