Hyundai Heavy Industries

McDermott Secures Two EPCIC Contracts for North Oil Company's Ruya Development Project

Retrieved on: 
Thursday, February 1, 2024
Hyundai Heavy Industries, Knowledge, Senior, Petroleum, USD, QatarEnergy, TotalEnergies, QMW, North Oil Company, FEED, NOC, HHI, Ruya, Engineering, Construction

HOUSTON, Feb. 1, 2024 /PRNewswire/ -- McDermott has been awarded two contracts from North Oil Company (NOC) to deliver engineering, procurement, construction, installation and commissioning (EPCIC) for packages 11 and 13 of the Ruya Development Project, as part of the expansion of the Al-Shaheen field, Qatar's largest oil field.

Key Points: 
  • HOUSTON, Feb. 1, 2024 /PRNewswire/ -- McDermott has been awarded two contracts from North Oil Company (NOC) to deliver engineering, procurement, construction, installation and commissioning (EPCIC) for packages 11 and 13 of the Ruya Development Project, as part of the expansion of the Al-Shaheen field, Qatar's largest oil field.
  • The Package 11 mega* contract scope, awarded to a consortium of McDermott and Qingdao McDermott Wuchuan (QMW), includes installation of nine satellite wellhead platforms and jackets in two offshore campaigns.
  • The Package 13 substantial* contract, awarded to a consortium of McDermott and Hyundai Heavy Industry (HHI), is for EPCIC of one 25,000 metric ton central processing platform, flare platform and bridges.
  • McDermott defines a mega contract as being over USD 1.5 billion, and a substantial contract as being between USD $500 and $750 million.

SK E&S and Copenhagen Infrastructure Partners reach financial close on Jeonnam 1 offshore wind project in Korea

Retrieved on: 
Wednesday, October 11, 2023
CIP, Wind, Steel industry in Nigeria, Korea Hydro & Nuclear Power, KEPCO, Hyundai Heavy Industries, LS Cable & System, COP, JV, Copenhagen Infrastructure Partners, SK, Renewable energy

Jeonnam Offshore Wind Power was founded in 2020 as a 51-49 joint venture between SK E&S and Copenhagen Infrastructure Partners (CIP) and the project is expected to become the first Korean commercial scale offshore wind farm to go into operation in 2024.

Key Points: 
  • Jeonnam Offshore Wind Power was founded in 2020 as a 51-49 joint venture between SK E&S and Copenhagen Infrastructure Partners (CIP) and the project is expected to become the first Korean commercial scale offshore wind farm to go into operation in 2024.
  • The project has been developed by a joint team comprised by SK E&S and Copenhagen Offshore Partners (COP), the exclusive offshore wind development partner to CIP.
  • SK E&S and CIP are also jointly developing Jeonnam 2 and Jeonnam 3, two offshore wind projects with a total capacity of 800MW currently in the development phase.
  • Jeonnam 1 CEO Daniel Yun said, “SK E&S is proud to be leading the offshore wind industry in Korea with this landmark project.

Fault Detection and Classification (FDC) Market worth $7.4 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, September 20, 2023
Semiconductor, Classification, PDF Solutions, Component, Maintenance, Global Initiative for Traditional Systems of Health, Smart camera, Frame grabber, E-procurement, Electronics, LS, Tokyo Electron, Cognex Corporation, Machine learning, FDC, Hardware, Growth, Nondestructive testing, Omron, United States v. Westinghouse Electric Co., KILI, Safety, OLED, Hyundai Heavy Industries, COVID-19, Current source, NDT, Government, Teledyne Technologies, Doosan Corporation, Dye, Traction, KLA Corporation, Industrial, Glass, SAMSUNG, Visual Test, Deep learning, PDP-11, Geography, Nikon, INFICON, AI, Video game, Television, Ultrasound, Microsoft, Software, Camera, Application, Processor, Optics

Therefore, fault detection is not only about adhering to industry standards but also about upholding brand reputation and customer trust.

Key Points: 
  • Therefore, fault detection is not only about adhering to industry standards but also about upholding brand reputation and customer trust.
  • North America is expected to hold the second largest share of the fault detection and classification market during the forecast period.
  • North America held the second largest share of ~32% in the fault detection and classification industry in 2022.
  • The growth in this region is attributed to the presence of fault detection and classification system manufacturers as Cognex Corporation, Teledyne Technologies, KLA Corporation, Microsoft, etc.

Fault Detection and Classification (FDC) Market worth $7.4 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, September 20, 2023
Semiconductor, Classification, PDF Solutions, Component, Maintenance, Global Initiative for Traditional Systems of Health, Smart camera, Frame grabber, E-procurement, Electronics, LS, Tokyo Electron, Cognex Corporation, Machine learning, FDC, Hardware, Growth, Nondestructive testing, Omron, United States v. Westinghouse Electric Co., KILI, Safety, OLED, Hyundai Heavy Industries, COVID-19, Current source, NDT, Government, Teledyne Technologies, Doosan Corporation, Dye, Traction, KLA Corporation, Industrial, Glass, SAMSUNG, Visual Test, Deep learning, PDP-11, Geography, Nikon, INFICON, AI, Video game, Television, Ultrasound, Microsoft, Software, Camera, Application, Processor, Optics

Therefore, fault detection is not only about adhering to industry standards but also about upholding brand reputation and customer trust.

Key Points: 
  • Therefore, fault detection is not only about adhering to industry standards but also about upholding brand reputation and customer trust.
  • North America is expected to hold the second largest share of the fault detection and classification market during the forecast period.
  • North America held the second largest share of ~32% in the fault detection and classification industry in 2022.
  • The growth in this region is attributed to the presence of fault detection and classification system manufacturers as Cognex Corporation, Teledyne Technologies, KLA Corporation, Microsoft, etc.

DHT Holdings, Inc. announces acquisition of 2018 built VLCC

Retrieved on: 
Wednesday, May 31, 2023
HHI, DHT, VLCC, AER, Acquisition, Hyundai Heavy Industries, NYSE, Cryptocurrency

HAMILTON, BERMUDA, May 31, 2023 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced that it has entered into an agreement to acquire a VLCC built in 2018 at Hyundai Heavy Industries (HHI) for USD 94.5 million.

Key Points: 
  • HAMILTON, BERMUDA, May 31, 2023 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced that it has entered into an agreement to acquire a VLCC built in 2018 at Hyundai Heavy Industries (HHI) for USD 94.5 million.
  • The vessel is scheduled to deliver during the third quarter of 2023.
  • The Company will finance the acquisition with available liquidity and projected mortgage debt, and it is expected to be accretive to DHT’s earnings per share.
  • DHT’s President & CEO, Svein Moxnes Harfjeld, comments: “We are constantly hunting high and low for opportunities that can bring value to our shareholders.

FRO – Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Tuesday, February 28, 2023
Hyundai Heavy Industries, Front line, PLC, VLCC Metula oil spill, Trichloroethylene, Combination, FRONTLINE, TCE, Sale, VLCC, Video game, Bank, Ridesharing, Management, Suezmax

FRONTLINE PLC REPORTS RESULTS FOR THE FOURTH QUARTER ENDED DECEMBER 31, 2022

Key Points: 
  • FRONTLINE PLC REPORTS RESULTS FOR THE FOURTH QUARTER ENDED DECEMBER 31, 2022
    Frontline plc (the “Company” or “Frontline”), today reported unaudited results for the three and twelve months ended December 31, 2022:
    Highest quarterly net income since the second quarter of 2008 of $240.0 million, or $1.08 per basic and diluted share for the fourth quarter of 2022.
  • Adjusted net income of $215.5 million, or $0.97 per basic and diluted share for the fourth quarter of 2022.
  • Declared a cash dividend of $0.30 per share for the third quarter of 2022 and a cash dividend of $0.77 per share for the fourth quarter of 2022.
  • Reported total operating revenues of $530.1 million for the fourth quarter of 2022.

Korea Shipbuilding & Offshore Engineering Sets to Usher in the Era of Unmanned Ships

Retrieved on: 
Monday, January 9, 2023
ABS, American Bureau of Shipping, Head, Houston Advanced Research Center, CES, MOU, Organization, LAS, Revolution, Growth, SEVP, HHI, Classification, AI, AIP, HD, Hyundai Heavy Industries, Safety, LNG, Korea, Senior, Hyundai, Shipbuilding, Medical device

KSOE signed a MOU with ABS on the development and demonstration of automated machinery and integrated safety control system in autonomous ships on January 6 in Las Vegas during CES 2023.

Key Points: 
  • KSOE signed a MOU with ABS on the development and demonstration of automated machinery and integrated safety control system in autonomous ships on January 6 in Las Vegas during CES 2023.
  • "Through the MOU, we hope to further extend our lead in unmanned technology, that enables autonomous navigation and self-diagnosis of equipment and safety."
  • ABS is one of world's leading ship classification organizations that contributes to the stable growth of the shipbuilding and maritime industry by setting standards for safety and technological excellence for ships and offshore structures.
  • "ABS is leading the industry in supporting autonomous projects and assisting pioneers like HD Hyundai and KSOE.

Hyundai Heavy Industries Group to Present 'Ocean Transformation' Plans at CES 2023

Retrieved on: 
Thursday, December 1, 2022
Growth, Primary energy, Electronics, Engineering, Multimedia, Revolution, Hyundai Heavy Industries, Transport, USD, CES, Life, Transformation, Exhibition, HHI, Safety, Aquaculture, Shipbuilding

SEOUL, South Korea, Dec. 1, 2022 /PRNewswire/ -- 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 to present the company's vision on transforming ocean for a sustainable future.

Key Points: 
  • SEOUL, South Korea, Dec. 1, 2022 /PRNewswire/ -- 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 to present the company's vision on transforming ocean for a sustainable future.
  • At CES 2023, HHI Group plans to present its 'Ocean Transformation' strategies that aim to fundamentally change the way ocean can be utilized and exploring the infinite potential of the marine ecosystem.
  • Meanwhile, five subsidiaries of HHI Group including Korea Shipbuilding & Offshore Engineering and Hyundai Electric won nine awards at CES 2023 Innovation Awards.
  • Hyundai Heavy Industries Group is the world's largest shipbuilding and heavy industries conglomerate.

Hyundai Heavy Industries Group Wins Nine CES 2023 Innovation Awards with Its Next Generation Technology in Green Energy and Mobility

Retrieved on: 
Thursday, November 17, 2022
Accident, Chicago Innovation Awards, GIS, Flexible, ICT, CEMS, CES, Hyundai, Engineering, Process safety management, CTA, HHI, BOG, Consumer Technology Association, Sustainability, Hyundai Heavy Industries, Electronics, Revolution, Risk, EPS, Smart city, AI, Consumer electronics, Natural gas, Transport, Renewable energy, LNG

Five subsidiaries of Hyundai Heavy Industries Group including Korea Shipbuilding & Offshore Engineering and Hyundai Electric, receive awards for their flagship products

Key Points: 
  • Five subsidiaries of Hyundai Heavy Industries Group including Korea Shipbuilding & Offshore Engineering and Hyundai Electric, receive awards for their flagship products
    SEOUL, South Korea, Nov. 17, 2022 /PRNewswire/ --Hyundai Heavy Industries (HHI) Group announced that it has won nine awards at CES 2023 Innovation Awards for its next generation technologies.
  • "We have won nine meaningful innovation awards at a gathering of the world's most innovative technologies," said a representative of HHI Group.
  • CEMS, the cloud-based industrial complex energy management system, won awards in both categories of Smart Cities and the Sustainability, Eco-Design & Smart Energy.
  • HYUNDAI Mobility Solar, the solar energy mobility solution, is an eco-friendly solution which integrates solar technologies for electric cars.

The Global Heavy Construction Equipment Market is expected to grow by $ 46.09 bn during 2022-2026, accelerating at a CAGR of 4.51% during the forecast period

Retrieved on: 
Thursday, November 10, 2022
Sany, Caterpillar Inc., Research, Adoption, Hyundai Heavy Industries, Hitachi, Oshkosh Corporation, Efficiency, Deere, Volvo, Terex, CNH Industrial, Wacker Neuson, Technology, Limiting factor, Industry, Retail, Heavy equipment

View original content:https://www.prnewswire.com/news-releases/the-global-heavy-construction-e...

Key Points: 
  • This study identifies the growing trend of construction equipment rentals as one of the prime reasons driving the heavy construction equipment market growth during the next few years.
  • Also, an increase in strategic acquisitions and partnerships and the adoption of technologies to improve efficiency will lead to sizable demand in the market.
  • The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
  • Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.