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Jotun signs with Hyundai Heavy for new, green marine paint

Greek marine coatings company Jotun announced it has signed a memorandum of understanding (MoU) with the world’s largest shipbuilder, South Korean Hyundai Heavy Industries (HHI), for a new type of marine paint that reduces solvent emissions by up to 90%. 

New eco-tanker design eyes rotor sail with VOC compounds and LNG

South Korean shipbuilder Hyundai Heavy Industries has received an approval in principle for a VLCC ‘eco-tanker’ design, capable of using a combination of volatile organic compounds (VOC) mixed with LNG as fuel and Norsepower’s rotor sail solution for wind-assisted propulsion.

Inmarsat partners with HGS to fast-track maritime digitalisation

Inmarsat signed a cooperation agreement with Hyundai Global Service (HGS); Thus, the latter is now able to offer ship owners and managers a digital total care solution route to maritime digitalisation. The agreement provides HGS the chance to expand its digital total care solution to encompass different applications aimed at helping shipowners and ship managers to enhance ship efficiency and reduce operating costs.

HHI votes in favour of merger with DSME

Hyundai Heavy Industries (HHI) shareholders decided to vote in favour of the merger with Daewoo Shipbuilding & Marine Engineering (DSME), despite strong workforce opposition this week. The merger will create a Korean megayard, which will be responsible for 21.2% of the global orderbook.

HHI workers continue strikes against merger with DSME

According to Yonhap, unionized workers of Hyundai Heavy Industries Co. continued their strike on Tuesday, May 28, against the HHI’s proposal on cancelling its merger plan with Daewoo Shipbuilding & Marine Engineering Co. (DSME). 

Hyundai Heavy workers oppose to merger with partial strike

Worker unions at South Korean shipbuilding giant Hyundai Heavy Industries Co. staged a partial strike on Thursday to protest against the merger with the compatriot major Daewoo Shipbuilding and Marine Engineering Co Ltd (DSME).

HHI faces protest from Ulsan

As the Korea Times reports, Hyundai Heavy Industries is facing protests from Ulsan City over its goal to establish the headquarters of Korea Shipbuilding & Offshore Engineering, the newly merged company of Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME), in Seoul.

Hyundai Heavy, KSS Line team up on eco-friendly ship business

South Korean major shipbuilder Hyundai Heavy Industries announced that its newly spun-off company Hyundai Global Services, specializing in providing total marine services, has signed a MoU with compatriot shipping company KSS Line, for entering into eco-friendly ship business.

HHI ready to sign agreement for DSME takeover

Hyundai Heavy Industries is expected to sign an official agreement with Korea Development Bank on March 8 to take over Daewoo Shipbuilding & Marine Engineering. However, even if the deal closes, HHI will still have to solve several issues in order to fully acquire DSME. One of the issues the HHI faces is that is the evaluation of the merger proposal by major countries, such as the US, the EU, China and Japan.

A possible merger between HHI and DSME to boost LNG vessels orderbooks

The merger between Hyundai Heavy Industries and Daewoo Shipbuilding and Marine Engineering is expected to boost the orderbook of LNG vessels, according to Vessels Value. The merger will double the orderbook of HHI from USD 6 billion to more than USD 12 million. In the possibility that the merger is official and finalized, the results will have reverberations in the newbuild market.

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