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HD Hyundai

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Naval vessel under way with a helicopter deck aft
Industry

HD Hyundai Launches Peruvian Navy Landing Ship Built at SIMA Yard

HD Hyundai Heavy Industries has launched Chimbote, the first of two landing support ships for the Peruvian Navy, built at the SIMA shipyard under a local joint production arrangement.

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Shipyard dry dock with a hull under construction
Industry

HD Hyundai Drops $449m Cochin Joint Venture for a $4bn Indian Yard

HD Hyundai Heavy Industries has withdrawn from a planned $449m hull block joint venture with Cochin Shipyard, redirecting capital to a $4bn wholly owned yard in Tuticorin.

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A crude oil tanker at a storage terminal, seen from the air
Vessel sales

ADNOC L&S Pays Record $115 Million for 15-Year-Old VLCC

ADNOC L&S has bought the 15-year-old VLCC Olympic Leopard for $115 million and renamed her Al Yahr, a record price as European brokers value similar tankers at up to $100 million.

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A large ship under construction in a shipyard dry dock
Industry

HD Hyundai in Advanced Talks to Buy a US Shipyard Under MASGA

South Korea's largest shipbuilder has narrowed its search to two or three American yards, with Cerberus Capital Management and the Korea Development Bank lined up behind the deal.

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Large ship at a fitting-out quay near cranes
Industry

South Korea's big three shipbuilders pass $30bn in first-half orders

South Korea's three largest shipbuilders have booked more than $30bn in orders in the first half of the year, pointing to a shipbuilding super-cycle.

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Large carrier vessel under way at sea
Industry

Ciner takes its ammonia carrier investment past $1bn

Turkish conglomerate Ciner has ordered three more very large ammonia carriers in South Korea, taking its investment in the segment past $1bn.

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A red-hulled tanker in a shipyard dry dock
Industry

HD Hyundai Launches First Newbuild At Philippine Yard Since 2019

HD Hyundai has launched a 115,000 deadweight tonne product tanker at its Philippine subsidiary, the first newbuilding to leave the Subic yard since 2019.

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Shipyard cranes silhouetted at sunset
Industry

HD Hyundai launches first vessel from revived Subic yard

The 250-metre Orion Jade marks the start of full-scale shipbuilding operations at the Philippine facility after a steel-cutting ceremony last September.

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Naval destroyer under construction at a shipyard
Industry

US Navy eyes South Korean yards for warships and tankers

The US Navy has approached major South Korean shipbuilders about building destroyers and fleet tankers, a step that could reverse a century of domestic-only construction.

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Warship moored at a port
Industry

US formally sounds out Korean yards on building navy warships

The Pentagon and US Navy have sent requests for information to HD Hyundai and Hanwha Ocean on combat vessels, the first such approach under the MASGA partnership.

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Red LPG gas tanker at anchor
Vessel sales

Union Maritime widens newbuild push with first VLGC order

Union Maritime has been linked to its first VLGC newbuildings, two large gas carriers at HD Hyundai Heavy for delivery in 2029.

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Shipyard with vessels under construction
Industry

HD Hyundai teams with Schneider Electric on floating data centres

HD Hyundai's shipbuilding arm has signed an MOU with Schneider Electric to jointly develop technology for data centres housed on floating offshore structures.

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Officer shortage risks exceeding 100,000 by 2030
Vessel sales

Asiatic Lloyd signs up for three LR2 tankers

Singapore's Asiatic Lloyd is linked to three LR2 newbuildings at HD Hyundai's Philippines yard, marking its return to the larger product tanker segment after exiting LR2s in 2023.

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Cover image for "BGN doubles down on LPG shipping with pair of HD Hyundai VLGCs"
Industry

BGN doubles down on LPG shipping with pair of HD Hyundai VLGCs

Energy trader BGN has ordered two more dual-fuel VLGCs at HD Hyundai, lifting its owned LPG fleet to 19 ships and its 2026 VLGC commitments at the yard to six.

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