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Hyundai Heavy Bags 50 Billion-won Order from Indonesia

SEOUL, Jan. 17 (Korea Bizwire) — Hyundai Heavy Industries Co., a major South Korean shipbuilder, said Wednesday that it has clinched a deal worth 50 billion won (US$46 million) to supply 21 engines to power plants in Indonesia. Under the deal with Indonesia’s state power utility, PT PLN, Hyundai Heavy will supply 21 HiMSEN engines [...]

Hyundai Heavy Inks MOU for Marine Engine Plant in Saudi Arabia

SEOUL, Jul. 5 (Korea Bizwire) — Hyundai Heavy Industries Co., a major shipyard here, said Wednesday that it has signed a memorandum of understanding with Saudi Aramco and others to build a plant in Saudi Arabia that will make engines used for ships and power generation. The Hyundai Heavy-Aramco consortium will spend US$400 million to [...]