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

Cargo Ship’s Crew Rescued in Red Sea

2 days ago

The crew of Panama-flagged cargo ship MV ISA STAR have been rescued in the Red Sea after sending a distress signal, the EU's Aspides naval mission said."All crew members aboard the MV ISA STAR have been rescued and will be transported to Djibouti, the nearest safe port of call," Aspides said in a statement posted on Facebook.The vessel had reported flooding in the engine room and the master requested assistance, it said, as its crew of 20 were forced to abandon it.One maritime security source told Reuters that the ship experienced engine problems and another source said that it had reported an internal explosion. Details on the current condition of the vessel were not immediately available.

A Well-to-Wake-Up Call

3 days ago

This week at MarineLink…An Australian Prime Minister once famously (infamously) said: “Life wasn’t meant to be easy.”He could have been talking about the maze of IMO and EU regulations relating to new fuels, especially the concept of well-to-wake emissions.It’s not enough to have a clean-burning engine or even an onboard carbon capture system. Well-to-take emissions, upstream and out of the control of ship operators, will have to be factored in.This week, MarineLink reported that a CMA-CGM vessel bunkered bio-LNG in Rotterdam, and it highlighted another upstream complication: the need to verify the sustainable origins of any new fuel used.

Has U.S. Shipbuilding Reached an ‘Atlas Shrugged’ Moment?

3 days ago

Each year, as we prepare for the largest U.S. based maritime industry conference in New Orleans, we tend to look back on the state of the industry and initiatives that were announced from the conference that took place the year before. 2023 provided us with plenty to talk about. In September of 2023, while the International Maritime Organization (IMO) and the global shipbuilding industry were fixated on “emissions” and alternative fuels, U.S. Secretary of the Navy Carlos Del Toro held the opening meeting of the Government Shipbuilders Council.

Pirates Take Control of Chinese Fishing Vessel Off Somalia

3 days ago

A Chinese fishing vessel is under the control of alleged pirates in Somalia's waters in the semi-autonomous Puntland region, the European Union's anti-piracy naval force said on Thursday.The anti-piracy force said the vessel with up to 18 crew members on board had been taken over by pirates, some armed with AK-47s and machine guns. It classified the incident as a robbery at sea.No crew members were injured in the incident, the anti-piracy force added.Somali pirates caused havoc in the waters off the Horn of Africa nation's long coastline between 2008 and 2018. They had been dormant until late last year when pirate activity started to pick up again.

Authorities Launch Rescue Operation for Cargo Vessel's Crew in Red Sea

3 days ago

A rescue operation is under way for the crew of a Panama-flagged cargo vessel that was abandoned off the port of Hodeidah in the Red Sea, three maritime security sources said on Thursday.The cause of the incident remained unclear and the number of crew on board was not known.The crew were forced to abandon the vessel, one of the sources told Reuters, adding that the ship experienced engine problems. Another source said an internal explosion occurred.Iran-aligned Houthi forces have launched attacks on international shipping near Yemen since November 2023 in solidarity with Palestinians in the Gaza war between Hamas and Israel.