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HHI issues regulatory application in the EU for DSME merge deal

As Yonhap reports, Hyundai Heavy Industries Group issued an application to the European Union, waiting for approval for its proposed takeover of local Daewoo Shipbuilding and Marine Engineering Co. The company informed that the submission will be reviewed by anti-trust authorities at the European Commission, expecting the results of their call in 2020. 

USCG awards 22nd BWMS Type Approval certificate

The US Coast Guard Marine Safety Center issued the 22nd USCG Ballast Water Management System Type Approval Certificate to Hyundai Heavy Industries Co., Ltd., after a detailed review of the manufacturer’s type approval application determined the system met the requirements of 46 CFR 162.060.

DSME and HHI union delays as workers plan to demonstrate

The Daewoo Shipbuilding & Marine Engineering branch of the Korean Metal Workers’ Union are to conduct a demonstration in Brussels, October 1, against the union of Daewoo and Hyundai Heavy Industries group; Following, the Korean Metal Workers’ Union are to proceed to a similar action in Japan.

US court fines Hyundai $47 million for selling dirty engines

The US Department of Justice published a statement that Hyundai Construction Equipment Americas Inc. (HCEA) and Hyundai Heavy Industries Co. Ltd (HHI) agreed to pay a $47 million civil penalty for violating Title II of the Clean Air Act. 

ABS, HHI collaborate to advance digitalization and decarbonization

ABS, Hyundai Heavy Industries and Hyundai Global Service have agreed on a framework for exchanging of Digitalization and Decarbonization concepts to implement to existing and future designs. This new framework will be an industry first D&D ecosystem between class, shipyard and ship service company.

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). 

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