Hyundai Heavy Ind. Co., Ltd.

Shipyards

Hyundai Heavy Industries Co., Ltd. (HHI) is one of the world's largest shipbuilding companies, based in Ulsan, South Korea. Founded in 1972 by the Hyundai Group, HHI has grown into a global leader in various industries, including shipbuilding, offshore engineering, industrial plants, and engine machinery.

Key Business Areas:

Shipbuilding: HHI is renowned for its shipbuilding capabilities. They build a wide range of ships, such as oil tankers, bulk carriers, container ships, and special-purpose vessels like drilling ships and naval ships. Their advanced shipyards have earned a reputation for high-quality construction and timely delivery.

Offshore and Engineering: HHI designs and constructs offshore facilities including fixed platforms, floating units, and subsea pipelines. Their expertise includes both oil and gas exploration, as well as production projects.

Industrial Plant and Engineering: This division focuses on the design and construction of industrial plants in various sectors, including oil and gas, petrochemical, and power generation. Their services extend to engineering, procurement, construction, and project management.

Engine and Machinery: HHI manufactures a wide range of engines and machinery, including marine and stationary diesel engines, power generation equipment, industrial robots, and heavy machinery. They provide engines not only for their own shipbuilding projects but also to external clients worldwide.

Electro Electric Systems: This segment focuses on manufacturing and supplying electric equipment such as transformers, circuit breakers, and power electronics. They aim to contribute to electrical infrastructure development globally.

Green Energy: Recognizing the global shift towards renewable energy, HHI has invested in developing technologies related to solar power and eco-friendly energy solutions.

Achievements and Innovations:

Technology: HHI has been a pioneer in adopting advanced technologies in its operations. This includes digitalization, automation, and smart ship technologies.

Global Reach: The company has a global presence with facilities and offices around the world, ensuring they can meet international demand effectively.

Sustainability: Committed to sustainable practices, HHI has been working on reducing environmental impact through innovation and efficient operational practices.

Current Status:

As of the most recent updates, HHI is part of HD Hyundai, the rebranded entity that includes various Hyundai Group companies. This restructuring aims to streamline operations and enhance competitiveness in the global market.

Challenges:

Like many industrial giants, HHI faces challenges including volatile global markets, environmental regulations, and competition from other major shipbuilders. They continue to innovate and diversify their business to mitigate these challenges.

Conclusion:

Hyundai Heavy Industries Co., Ltd. remains a pivotal player in the shipbuilding and heavy industries sectors. With its extensive range of products and services, HHI continues to impact global trade, energy, and infrastructure development significantly.

Ships

AEGEAN HORIZON

Tanker for Oil | Flag: Greece | Port: PIRAEUS

ANANGEL OMONIA

Bulk Carrier | Flag: Greece | Port: PIRAEUS

BASTOGNE

Liquefied Gas Carrier (LPG) | Flag: Belgium | Port: ANTWERP

CMA CGM VIVALDI

Container Ship | Flag: Marshall Islands | Port: MAJURO

MSC SHAULA

Container Ship | Flag: Panama | Port: PANAMA

SENNA PRINCESS

Liquefied Gas Carrier (LPG) | Flag: Thailand | Port: BANGKOK

Maritime News

Vard, Inkfish Sign Shipbuilding Contract for New Research Vessel

yesterday

Vard, the Norwegian subsidiary of the Group and one of the world's leading builders of specialized vessels, has signed a new contract with the US research organization Inkfish for the design and construction of an advanced research vessel. The deal is valued at over USD$233 million (€200 million).The custom-built research vessel, designated Project RV6000, is specifically designed for scientific exploration. It will join Inkfish's expanding fleet, alongside the RV Hydra and RV Dagon, to support global marine research. In close collaboration with host countries, the data collected will contribute to open-source repositories.

Six Crew Saved, 15 Remain Missing After Eternity C Cargo Ship Sinks in Red Sea

yesterday

Rescuers pulled six crew members alive from the Red Sea after Houthi militants attacked and sank a second ship this week, while the fate of another 15 was unknown after the Iran-aligned group said they held some of the seafarers.The Houthis claimed responsibility for the assault that maritime officials say killed four of the 25 people aboard the Eternity C before the rest abandoned the cargo ship. Eternity C went down Wednesday morning after attacks on two previous days, sources at security companies involved in a rescue operation said.The six rescued seafarers spent more than 24 hours in the water, those firms said.

Four Dead, 15 Missing After Houthi Attack on the Eternity C

2 days ago

Rescuers pulled six crew members alive from the Red Sea on Wednesday and 15 were still missing from the second of two ships sunk in recent days in attacks claimed by Yemen's Iran-aligned Houthi militia after months of calm.Four of the 25 people aboard the Eternity C cargo ship were killed before the rest of the crew abandoned the vessel, which sank on Wednesday morning after being attacked on Monday and Tuesday, sources at security companies involved in a rescue operation said.The six seafarers who were rescued had spent more than 24 hours in the water, they said.The Houthis said on Wednesday they had sunk the Eternity C.

IMO Secretary-General Urges “constructive dialogue” Following Red Sea Attacks

3 days ago

IMO Secretary-General Arsenio Dominguez has called for intensified diplomatic efforts following a renewed wave of attacks on merchant ships in the Red Sea.IMO Secretary-General Arsenio Dominguez has called for intensified diplomatic efforts following a renewed wave of attacks on merchant ships in the Red Sea. Addressing the IMO Council in London, Dominguez expressed dismay over recent assaults on the Magic Seas and Eternity C, both targeted on 6 and 7 July. At least three fatalities and several injuries have been reported aboard the Eternity C, while all 22 crew members of the Magic Seas were safely rescued.

Red Sea: Four Dead, Two Wounded in Latest Houthi Attack on Greek Bulk Carrier

3 days ago

Four seafarers on the Liberian-flagged, Greek-operated bulk carrier Eternity C were killed in a drone and speedboat attack off Yemen, an official with knowledge of the issue said on Tuesday, the second incident in a day after months of calm.The Red Sea, which passes Yemen's coast, has long been a critical waterway for the world's oil and commodities but traffic has dropped since the Iran-aligned Houthi militia began targeting ships in November 2023 in what they said was solidarity with Palestinians against Israel in the Gaza war.