News and Updates on HD Hyundai
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HD Korea Shipbuilding & Offshore Engineering Unveils New ‘Carbon Zero’ Technology for Ammonia-Fueled Vessels
2024.06.02
▶ ‘Global Tech Forum’ held in Greece inviting over 100 global shipbuilding and maritime stakeholders
▶ Revealed proprietary ammonia scrubber that absorbs toxic gas and emits zero carbon
▶ Real time gas leakage monitored with AI technology and drones, preventing severe accidents in advance
▶ “Will lead the future green market with world leading experience in gas carrier building and proprietary technologies.”
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HD Hyundai Expands Global Collaboration for LH2 Carrier Development
2024.05.24
▶ HD Hyundai signs Joint Development Agreement on LH2 Carrier Design Development with Global Energy Company, Shell
▶ HD Hyundai to lead the design of LH2 Carrier and develop large LH2 tanks, hydrogen propulsion system, and other key technologies
▶ “Hope to lead the future green energy market through this partnership”
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HD Hyundai Heavy Industries Shares Excellence of K-Battleships to the World
2024.04.04
▶ Hosted a delivery signing ceremony of its newest 3,000t submarine ‘Shin Chae-ho’ in Ulsan, Korea
▶ Gov’t officials from nine countries attended, and boarded the Aegis warship and frigate
▶ “Will show our on-time delivered, highly advanced submarines to the world, and fully commit to K-defense exports with the ‘Team Korea’ effort.”
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HD Hyundai Heavy Industries Wins Largest Order for Latin American Navy Ships
2024.03.29
▶ Selected by Peru state-run SIMA shipyard as a preferred bidder for partnership
▶ Ship to be built in Peru while HD HHI provides designs, tools and materials, technical support
▶ Winning competition against other defense power houses made possible thanks to private-public cooperation, so-called ‘Team Korea’
▶ “Will expand K-battleship market to Latin America with rich export experiences and competence in technologies”
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HD Hyundai's Avikus autonomous navigation proven to reduce fuel usage and carbon emissions
2024.03.26
AVIKUS, HD Hyundai's autonomous navigation in-house startup, announced today its autonomous navigation is proven to reduce fuel use by as much as 15% and expected to reduce carbon emissions by 10%. This is the first time these fuel savings have been verified.
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HD Hyundai to Develop Large Liquefied Hydrogen Carrier
2024.02.14
▶ Signed MOU with Woodside Energy, Hyundai Glovis, MOL to cooperate on developing a liquid hydrogen marine transportation value chain
▶ Will develop safe and efficient technology for hydrogen marine transportation by 2030
▶ “Will be an opportunity to develop technologies and seek business opportunities”
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HD Hyundai Records 30.8953 trillion won Revenue and 1.006 trillion won Operating Profit in H1
2023.07.28
▶ Q2 revenue reached 15.6213 trillion won and operating profit 472.6 billion won
▶ Shipbuilding, construction equipment and electric power device units achieving solid earnings
▶ HD Korea Shipbuilding & Offshore Engineering’s revenue at 5.4536 trillion won, up 30.2% YoY
▶ H2 earnings expected to stay stable following acceleration of profit improvement in shipbuilding unit and improved oil refining market
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Dr. Jong Gye Shin, Technology Advisor of HD Korea Shipbuilding and Offshore Engineering, appointed as the Chairman of the Committee for Expertise of Shipbuilding Specifics (CESS)
2023.07.25
▶ Dr. Jong Gye Shin has been internationally recognized for his accomplishments, including receiving the prestigious Elmer L. Hann Award and actively participating in domestic and international industry-academic activities.
▶ His appointment as the chairman of CESS is expected to provide an opportunity to expand Korea's influence in the global shipbuilding and maritime industry.
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Korea Shipbuilding & Offshore Engineering to Develop Fuel Cell System with European Research Institute and Stack Manufacturer Partner
2023.01.09
▶ Korea Shipbuilding & Offshore Engineering (KSOE) signs an MOU with Fraunhofer IKTS of Germany and fuel cell component manufacturer Elcogen, based in Estonia and Finland
▶ MOU lays out a plan to develop a prototype of large-capacity solid oxide fuel cell systems
▶ KSOE aims to acquire fuel cell manufacturing capabilities and water electrolysis technology to establish a hydrogen value chain
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Korea Shipbuilding & Offshore Engineering Sets to Usher in the Era of Unmanned Ships
2023.01.08
▶ Korea Shipbuilding & Offshore Engineering (KSOE) aims to demonstrate machinery and safety system automation as the next step to successful autonomous transoceanic voyage
▶ After completion of demonstration in 2024, the company plans to employ unmanned ship technologies for the first time in large merchant vessels
