The American Bureau of Shipping (ABS) has issued approval in principle (AIP) to HD Hyundai Heavy Industries (HHI) and HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for an innovative floating small modular reactor (SMR) power module. The design aims to generate electricity offshore and near shore, providing power to port facilities and onshore communities.
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The “strong methanol dual fuel engine” developed by HD Hyundai Heavy Industries can selectively use diesel fuel and methanol depending on the situation, but produces the same output as high-efficiency diesel fuel.
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Hyundai Heavy Industries (HHI) Group, the world’s largest shipbuilding and heavy industries conglomerate, announced that it will participate in the world’s largest consumer electronics exhibition CES 2023. There they will present the company’s vision on transforming the ocean for a sustainable future.
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Signing an ambitious and comprehensive MOU, the two companies will exchange expertise and competency to improve existing technology and service areas, along with looking for new opportunities to shape the future of the maritime industry.
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Hyundai Heavy Industries Co. Ltd. (HHI) has received type approval from Lloyd’s Register (LR) for the network security digital component of its Integrated Smartship Solution (ISS), confirming that the approved component performs its functionality seamlessly. The is the world’s first ever type approval of a digital component, according to LR. Digital type approval delivers an assurance system to provide confidence
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Hyundai Heavy Industries stock fell by a record 29 percent today after the company announced a plan to sell 12.5 million new shares by March to create capital and hedge against a variety of struggles facing the industry. The company is the second largest ship builder in the world. Shares of Hyundai Heavy Industries’ holding company, Hyundai Robotics, and one
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