SEOUL, Nov. 24 (Korea Bizwire) — Global shipbuilding conglomerate Hyundai Heavy Industries Group said Wednesday it will establish the world’s first technical guidance for offshore green hydrogen plants. To that end, the group’s affiliates — Korea Shipbuilding & Offshore Engineering Co. (KSOE) and its subsidiary Hyundai Heavy Industries Co. — have signed a preliminary deal [...]
SEOUL, Nov. 10 (Korea Bizwire) — Hyundai Heavy Industries Holdings Co. (HHIH), the world’s largest shipbuilding group, said Wednesday it will launch a 34 billion-won (US$28.8 million) fund to support promising startups in the digital health care and bio industries. The fund will help the company advance into the digital health care market and seek [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s two leading shipbuilders are competing against each other to obtain an order for the country’s first light aircraft carrier. The Navy is pushing to complete the project for a 30,000-ton aircraft carrier by 2033, though it did not reveal the date of open bidding for a basic [...]
SEOUL, Oct. 8 (Korea Bizwire) — The proposed acquisition involving South Korea’s leading shipbuilders has been deadlocked for more than a year, as the European Union antitrust regulator shows no signs of resuming its probe into the deal. In 2019, Hyundai Heavy Industries Holdings Co., the holding company of the global shipbuilding conglomerate Hyundai Heavy [...]
SEOUL, Sept. 15 (Korea Bizwire) — Hyundai Heavy Industries Group said Wednesday it will push to win approval of its newly developed gas carriers from global ship quality assurance and risk management companies, such as Lloyd’s Register from Britain, and flag states in an upcoming exhibition. The world’s biggest shipbuilder plans to unveil gas carriers [...]
SEOUL, Sept. 1 (Korea Bizwire) — Global shipbuilder Hyundai Heavy Industries Co. said on Wednesday that it has signed a partnership deal with British defense company Bobcock to cooperate on a project to build South Korea’s first aircraft carrier. Under the deal, the two companies will team up to receive an order for the 30,000-ton [...]
SEOUL, Aug. 31 (Korea Bizwire) — Hyundai Heavy Industries Group has developed an offshore platform to store carbon dioxide under the ocean floor with the state-run Korea National Oil Corp. (KNOC), the group said Tuesday. The group’s two affiliates– Korea Shipbuilding & Offshore Engineering Co. (KSOE) and KSOE’s subsidiary Hyundai Heavy Industries Co. — have [...]
SEOUL, Aug. 20 (Korea Bizwire) — Hyundai Heavy Industries Holdings Co. (HHIH), the world’s largest shipbuilding group, said Friday that it has completed the process to acquire South Korea’s top construction equipment maker Doosan Infracore Co. HHIH formed a consortium with KDB Investment Co., a private equity firm wholly owned by the state-run Korea Development [...]
SEOUL, Aug. 10 (Korea Bizwire) — Global top shipbuilder Hyundai Heavy Industries Co. said Tuesday that it has applied for an initial public offering (IPO), seeking to raise up to 1.08 trillion won (US$900 million) for the development of its eco-friendly ship technologies next month. The shipbuilder has submitted the application to the top financial [...]
SEOUL, June 16 (Korea Bizwire) — Hyundai Heavy Industries Group (HHIH) said Wednesday it has successfully conducted a test-run of a fully autonomous cruise ship backed by its own autonomous navigation system and a local mobile operator’s 5G network. The 12-person cruise ship navigated through the narrow 10-kilometer Pohang Canal in the port city, 302 [...]