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

CMA CGM VIVALDI

Container Ship | Flag: Marshall Islands | Port: MAJURO

BASTOGNE

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

ANANGEL OMONIA

Bulk Carrier | Flag: Greece | Port: PIRAEUS

SENNA PRINCESS

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

MSC SHAULA

Container Ship | Flag: Panama | Port: PANAMA

Maritime News

Container Shippers Mitigating Green Transition Risks with Dual-Fuel Vessel Orders

6 hours ago

Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe.Their order books, however, reflect uncertainty over which of a wide array of so-called green fuels will become the standard in the decades to come, and whether supplies will be cheap and abundant enough to keep their fleets in motion.Decarbonizing shipping is important to global efforts to fight climate change because it accounts for about 3% of global greenhouse gases, but accomplishing it will be difficult and costly

Misunderstanding General Average Concepts Could Harm Offshore Operators

12 hours ago

At a recent seminar in London organized by the International Underwriting Association of London (IUA) and the Association of Average Adjusters (AAA), participants heard how ignoring or not fully understanding the concept of General Average (GA) when concluding charter-party contracts for offshore services could cause problems in the event of an incident or accident.Michiel Starmans, a Fellow of the AAA and Director Legal Department of the Spliethoff Group and Alf Inge Johannessen, an Associate of the AAA and Senior Claims Manager at DOF

Australia and India Talk Maritime, Renewables at G20

yesterday

Australia will partner with India to boost investment in renewable energy, including solar manufacturing, battery and mineral processing, Prime Minister Anthony Albanese said in a meeting with his Indian counterpart on the G20 sidelines.Australia and India will also look to enhance defense and maritime security cooperation, Albanese said in a meeting with India's Prime Minister Narendra Modi in Rio de Janeiro on Tuesday.The two countries, along with the United States and Japan, are members of the Quad, which has sought to balance China's rising military and economic clout in the Indo Pacific region.

Sabotage: Two Undersea Cables Cut in Baltic Sea

2 days ago

Two undersea fibre-optic communications cables in the Baltic Sea, including one linking Finland and Germany, were severed, raising suspicions of sabotage by bad actors, countries and companies involved said on Monday.The episode recalled other incidents in the same waterway that authorities have probed as potentially malicious including damage to a gas pipeline and undersea cables last year and the 2022 explosions of the Nord Sea gas pipelines.The 1,200-kilometre (745-mile) cable connecting Helsinki to the German port of Rostock stopped working around 0200 GMT on Monday, Finnish state-controlled cyber security and telecoms company Cinia said.

Global Offshore Wind Stumbles to the End of '24

3 days ago

Soaring costs, project delays and limited investment put targets out of reachAfter a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit the lofty targets set by governments in the U.S., Europe and elsewhere ... with the exception of China.Reuters spoke to 12 offshore wind companies, industry researchers, trade associations, and government officials in six countries to come up with a global picture of the state of the industry and its outlook, and found soaring costs, project delays and limited supply chain investment were hobbling installations.