SEOUL, Aug. 29 (Korea Bizwire) — Major South Korean shipyard Hyundai Heavy Industries Co. said Sunday it had acquired design approval for Hi-Rotor, a rotor sail that is a form of wind-assisted propulsion for ships, from the Korean Register of Shipping (KR) for the first time in the domestic shipbuilding industry. A rotor sail is [...]
SEOUL, June 7 (Korea Bizwire) — Hyundai Heavy Industries Group, the world’s biggest shipbuilder by sales, has joined hands with Hyundai Glovis Co., the logistics unit of Hyundai Motor Group, to develop the world’s largest carbon dioxide carrier. The two parties announced on Monday that they had signed a joint development project agreement for a [...]
SEOUL, Feb. 11 (Korea Bizwire) — Global top shipbuilder Hyundai Heavy Industries Co. is in high gear to obtain floating production, storage and offloading vessel (FPSO) orders as the offshore plant market rebounds thanks to a hike in oil prices. The company launched the construction of a hull for the FPSO ‘P78’ worth 850 billion [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s antitrust regulator said Friday it will end its deliberation of Hyundai Heavy Industries Group’s proposed acquisition of its smaller rival Daewoo Shipbuilding & Marine Engineering Co., as the company withdrew its tie-up review proposal following the veto by European authorities. The European Commission vetoed Hyundai’s proposed merger [...]
SEOUL, Jan. 13 (Korea Bizwire) — The European Union antitrust regulator on Thursday vetoed Hyundai Heavy Industries Group’s proposed acquisition of its smaller rival Daewoo Shipbuilding & Marine Engineering Co., citing monopoly issues. The European Commission announced its decision to block the merger of the South Korean shipbuilders, arguing the tie-up could create a monopoly [...]
SEOUL, Jan. 6 (Korea Bizwire) — Hyundai Heavy Industries Group, the world’s biggest shipbuilder by sales, said Thursday it will operate the world’s first autonomous ship in the first quarter as it strives to secure new growth drivers. Hyundai Heavy introduced autonomous navigation technologies that will significantly help reduce the possibility of marine accidents, and [...]
SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Heavy Industries Group, the world’s biggest shipbuilder by sales, said Wednesday it has signed a pact with a U.S. data analytics firm for the big data platform business. At the Consumer Electronics Show held in Las Vegas, the South Korean shipbuilder signed a memorandum of understanding (MOU) with [...]
SEOUL, Dec. 20 (Korea Bizwire) — South Korean shipbuilding giant Hyundai Heavy Industries Group said Monday that it will showcase its latest and next-generation mobility technologies at the upcoming Consumer Electronics Show (CES), making its debut at the major tech trade show. The tech fair, better known as CES, is set to run for four [...]
SEOUL, Dec. 16 (Korea Bizwire) — The Supreme Court on Thursday ruled in favor of workers at Hyundai Heavy Industries Co., who have fought the company for nine years demanding that regular periodic bonuses be counted as part of their “ordinary wage.” The top court ruled in favor of 10 employees who filed the appeal [...]
ULSAN, Dec. 1 (Korea Bizwire) — Global shipbuilding conglomerate Hyundai Heavy Industries Group made the first demonstration of the artificial intelligence (AI)-based vessel fire surveillance system that it developed using in-house technologies, after installing it on an liquefied natural gas (LNG) carrier on Tuesday. The system is a safety solution using AI to detect and [...]