Hyundai Heavy News Monitoring

[Opening Market] KOSPI Reclaims 8,500 Amid More Weakend Won

Opening the doors to the second half of the year on July 1, the domestic stock market started with a strong rebound, leaving behind the downward pressure of the previous month. The tailwind of surging semiconductor and big tech companies, including SanDisk …

Everllence in talks to license two-stroke marine engine manufacturing in India

The engine maker follows a licensing model for manufacturing its two-stroke engines globally wherein it gets royalties from the licensees.MUMBAI: German marine engine maker Everllence SE is in talks with a couple of Indian firms to manufacture its two- …

War & Plunder: US imperialism in the Philippines in today’s sharpening inter-imperialist contradictions

Three-part series Part 1: From unbridled globalization to controlling supply chains Part 2: Unprecedented deepening of US military intervention Part 3: Luzon Economic Corridor and Pax Silica: Defense-industrial imperialist project Part 1: From unbridled …

HD KSOE wins 885 bln won in orders to build LNG carrier, floating LNG terminal

SEOUL, July 1 (Yonhap) -- HD Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Wednesday it has secured 885 billion won (US$570.7 million) worth of orders to build one gas carrier and one floating storage regasification unit (FSRU). HD KSOE …

South Korea tempers shipbuilding expansion as China accelerates state-backed boom

As the shipbuilding industry continues its boom, Korean and Chinese shipbuilders are deploying different strategies. Korean shipbuilders are proceeding cautiously with capital spending in case the market turns, while Chinese companies are aggressively …

German engine maker Everllence SE in talks for Indian manufacturing of two-stroke engines for ships

Germany’s Everllence SE is in talks with Indian companies to manufacture two-stroke engines locally for big commercial ships under a licensing agreement and is also weighing plans to make its high-speed, four-stroke engine, the 175D, in the country on its …

Russia arms LNG tanker with heavy machine guns for first time to defy NATO boarding teams in Baltic Sea

The Russian-flagged liquefied natural gas carrier Marshal Vasilevskiy has been spotted operating in the Baltic Sea with permanently installed 12.7 mm Kord heavy machine guns mounted in sandbagged firing positions on its bridge wings. Based on surveillance …

J Ocean Heavy inks LOI to build four 114,000t tankers in South Korea

J Ocean Heavy Industries, which is pushing ahead with the acquisition process for the Gunsan Shipyard, recently signed a letter of intent for shipbuilding with a shipowner in the Oceania region. On the 29th, J Ocean Heavy Industries said it signed a letter …

Pan Ocean keeps VLCC push rolling

South Korean owner Pan Ocean has moved again in the VLCC newbuilding market, adding two more supertankers to its growing crude tanker pipeline. The Harim Group-controlled company has lined up a fresh pair of VLCC newbuildings, extending a run of crude …

Skov to step down as Hafnia chief executive

Product tanker giant Hafnia has announced a planned leadership change, with Mikael Skov set to step down as chief executive officer on September 1, 2026. The Oslo- and New York-listed company has appointed Søren Steenberg Jensen, executive vice president …

Yang Ming Names 15,500 TEU LNG Dual-Fuel Container Vessel ’YM Wayfinder’ for Asia–North Europe FE3 Service

Yang Ming Marine Transport Corp. (Yang Ming) held a naming ceremony on June 26 at the HD Hyundai Heavy Industries (HD HHI) shipyard in Ulsan, South Korea, for ‘YM Wayfinder’, the third vessel in its series of 15,500 TEU-class LNG dual-fuel container …

HD Hyundai Heavy Industries Appeals KDDX Security Penalty Decision

Hanwha Ocean has been effectively selected as the preferred bidder for the 7.8 trillion Korean won-scale Korea Destroyer Next Generation (KDDX) detailed design and lead ship construction project. Meanwhile, HD Hyundai Heavy Industries has appealed a court’ …

US-flagged tanker being brought to life by ABS and HD Hyundai Heavy

American Bureau of Shipping (ABS), a classification society, is pooling resources with South Korea’s HD Hyundai Heavy Industries (HD HHI) to enrich the tanker market with a new U.S.-flagged oil and chemical tanker. Photo Caption (L to R): Yihyo Chung, HD …

Gunsan Shipyard Resumes Complete Shipbuilding

Complete ship production at Gunsan Shipyard is expected to resume after about nine years. According to J Ocean Heavy Industries on June 29, it successfully signed a letter of intent (LOI) with a shipowner in the Oceania region to build four 114,000-ton …

Korean shipyard moves closer to revival after nine-year hiatus

One of South Korea’s largest dormant shipbuilding assets is edging towards a return to full production, potentially easing capacity constraints at a time when the country’s major builders remain heavily booked for years ahead. Gunsan Shipyard, which has …

HMM fixes gas carrier newbuilds to Mercuria

AsiaEuropeGas KSOE South Korean shipping major HMM has secured charter cover for the two gas carriers it ordered as part of last week’s $1.1bn newbuilding haul. The Seoul-listed company said it has signed bareboat charter contracts with a hipping unit of …

Jeio Heavy buys Gunsan shipyard to revive South Korea shipbuilding hub

The Gunsan Shipyard in North Jeolla, which halted operations nine years ago and partially restarted in 2023 with block production, has a new owner. The Gunsan Shipyard is set to shift from a block fabrication base to a shipyard that builds completed …

Mutares agrees to sell NEM Energy to Hyundai Heavy Industries Power Systems

DNV awards AiP to HD Hyundai Heavy Industries for independent Type B LPG cargo tank design for VLGCs

DNV has awarded an Approval in Principle (AiP) to HD Hyundai Heavy Industries (HHI) for their independent Type B LPG cargo tank design for Very Large Gas Carriers (VLGCs). The certificate was presented to Hongryeul Ryu, CTO from HHI by Vidar Dolonen, …

TaxZerone® Opens IRS Form 2290 E-Filing for the 2026–2027 HVUT Tax Year with Instant Schedule 1

TaxZerone helps truckers and fleet owners e-file Form 2290 for 2026–27 and receive IRS-stamped Schedule 1 in minutes. Trusted by truckers nationwide. SAN JOSE, CA, UNITED STATES, July 1, 2026 /⁨EINPresswire.com⁩/ -- TaxZerone, an IRS-authorized e- …

60 Global Shipping Lines on Track for Record Year as Voluntary Vessel Speed Reduction Program Expands Coastwide July 1

Industry cooperation hits record levels as the statewide Vessel Speed Reduction zone for the Protecting Blue Whales and Blue Skies Program officially begins. CA, UNITED STATES, July 1, 2026 /⁨EINPresswire.com⁩/ -- With enrollment in the 2026 …

TFI Custom Fabrication Holds VELCRO® Brand Platinum Converter Status

TFI Custom Fabrication combines the highest VELCRO® Brand authorization tier with large-scale ONE-WRAP® distribution for AV professionals nationwide. CHULA VISTA, CA, UNITED STATES, July 1, 2026 /⁨EINPresswire.com⁩/ -- One of the largest …

Craters & Freighters Austin Expands Operations with New State-of-the-Art Facility in Buda, Texas

New Buda facility expands capacity for custom crating, industrial packaging and specialty logistics serving Austin, San Antonio and Central Texas. AUSTIN, TX, UNITED STATES, July 1, 2026 /⁨EINPresswire.com⁩/ -- STRATEGIC EXPANSION INCREASES CAPACITY FOR …

Intelligent Audit Named 'AI-based Logistics Solution of the Year' in 9th Annual AI Breakthrough Awards Program

Ninth Annual Program Honors the Top Innovators Shaping the Future of Artificial Intelligence ROCHELLE PARK, NJ, UNITED STATES, July 1, 2026 /⁨EINPresswire.com⁩/ -- Intelligent Audit, a global leader in freight audit, recovery, logistics spend …

Secro Appoints Guy de Pourtalès As Chief Technology Officer

Strengthening SECRO’s bank-grade digital infrastructure, scalability, and AI roadmap for global trade finance documentation GENEVA, SWITZERLAND, July 1, 2026 /⁨EINPresswire.com⁩/ -- SECRO, the trade finance tokenization and document workflow …

HazMat Safety Consulting to Host Game-Changing Webinar: The Real Cost of One PHMSA Violation

Free July 14 LinkedIn Live session reveals hidden business risks of hazardous materials non-compliance and how to build a strong safety investment case WAXAHACHIE, TX, UNITED STATES, July 1, 2026 /⁨EINPresswire.com⁩/ -- HazMat Safety Consulting ( …

Dimerco’s July Freight Report Highlights Tight Capacity Across Asia as AI Demand Persists

Dimerco’s July report finds AI demand, tight capacity and resilient US imports keeping Asia-Pacific freight markets under pressure through peak season. TAIPEI, TAIWAN, July 1, 2026 /⁨EINPresswire.com⁩/ -- Dimerco Express Group has released its …

ModusLink Netherlands Achieves Outstanding Results in ISO Audits, Showcasing Commitment to Quality and Sustainability

SMYRNA, TN, UNITED STATES, July 1, 2026 /⁨EINPresswire.com⁩/ -- ModusLink Corporation, a leading provider of supply chain, fulfillment, and e-commerce solutions, announced the successful renewal of the ISO 9001 certifications for their Amsterdam …

Quivers Launches Ship to Store for BigCommerce, Expanding Dealer Fulfilment Options

Authorized dealers become pickup points for a brand's full catalog, with no dealer stock required SALT LAKE CITY, UT, UNITED STATES, July 1, 2026 /⁨EINPresswire.com⁩/ -- Quivers, the unified commerce platform for specialty brands with dealer …

MarineFifty to invest in Kvasir Technologies to scale up high-quality, low-carbon, drop-in marine fuel

The investment business focused on marine sustainability intends to invest up to EUR 11 million in the Danish fueltech pioneering sustainable marine fuel. SINGAPORE, SINGAPORE, July 1, 2026 /⁨EINPresswire.com⁩/ -- MarineFifty, the global …

Customized Forklift Solutions vs Standard Solutions for Specialized Industrial Tasks

XIAMEN, FUJIAN, CHINA, July 1, 2026 /⁨EINPresswire.com⁩/ -- Logistics teams within pharmaceutical distribution centers frequently come up against physical walls—quite literally. As aisle widths narrow to enable higher-density storage and inventory racks …

Heavy-Duty Engineering: LTMG as a Reliable China Heavy Duty Construction Machinery Factory for Global Markets

XIAMEN, FUJIAN, CHINA, July 1, 2026 /⁨EINPresswire.com⁩/ -- At an infrastructure site in Central Asia's highlands, motor graders work tirelessly to traverse its rugged terrain, carving essential transport routes through dense soil. Success of …

LTMG – China’s Logistics and Warehouse Equipment Supplier Setting High Reliability Standards for Factories

XIAMEN, FUJIAN, CHINA, July 1, 2026 /⁨EINPresswire.com⁩/ -- At the core of a bustling manufacturing hub, production depends on uninterrupted material flows. A single equipment failure on a loading dock or stuck pallet jack in an aisle could halt an …

LTMG Showcases Advanced Manufacturing and Export Expertise as China's Leading Material Handling Supplier

XIAMEN, FUJIAN, CHINA, July 1, 2026 /⁨EINPresswire.com⁩/ -- The early 2000s marked a pivotal moment for global trade. As China deepened its integration into the world economy and accelerated its infrastructure build-out, demand for reliable material …

Five Reputable Passenger Car Tire Manufacturers in China 2026: Advancing Safety and Fuel Efficiency Standards

Overview of leading Chinese tire manufacturers focusing on passenger car tire innovations CALIFORNIA, CA, UNITED STATES, July 1, 2026 /⁨EINPresswire.com⁩/ -- China, July 1, 2026—The Chinese passenger car tire industry has significantly evolved in …

LTMG Rough Terrain Forklift Solutions for Harsh Outdoor and Heavy-Duty Working Conditions

XIAMEN, FUJIAN, CHINA, July 1, 2026 /⁨EINPresswire.com⁩/ -- How can a logistics manager ensure uptime when their standard warehouse forklift becomes stuck in the mud or fails to navigate an unpaved, steep incline? Construction, mining, and timber forestry …

LTMG – China's Leading OEM/ODM Forklift Manufacturer with Large-Scale Production for Global Partners

XIAMEN, FUJIAN, CHINA, July 1, 2026 /⁨EINPresswire.com⁩/ -- At an expansive logistics distribution center, daily operations rely on the smooth transport of heavy pallets handled by machinery that simply has to work—every shift, every load. Orange …

High-Efficiency Lithium Forklift Solution from LTMG for Sustainable Logistics

XIAMEN, FUJIAN, CHINA, July 1, 2026 /⁨EINPresswire.com⁩/ -- Inside a high-volume smart manufacturing facility, the atmosphere is defined by seamless coordination and an absence of localized emissions. Automated assembly lines feed into staging …

Performance Comparison of Advanced Forklifts Manufacture by a Top Heavy-Duty Forklifts Manufacturer in China

XIAMEN, FUJIAN, CHINA, July 1, 2026 /⁨EINPresswire.com⁩/ -- In the heavy-duty material handling sector, not all forklifts are created equal. The performance gap between a general-purpose 3-ton warehouse forklift and a 30-ton industrial workhorse is not …