HD Hyundai says post-delivery changes by the M/V Dali’s owner and operator undermined built-in redundancies and led to a second blackout before the Key Bridge strike, while the NTSB also faults wiring and operations.
Dongwon Group reignites its bid to acquire HMM, South Korea’s largest shipping company. Despite HMM’s high valuation, major players like POSCO and HD Hyundai are reconsidering their offers.
The Supreme Court has upheld the suspended sentence of a safety manager at HD Hyundai Heavy Industries following a fatal accident at the Ulsan shipyard. The incident involved a falling steel plate.
HD Hyundai has signed an exclusive agreement with Tamil Nadu to plan a new shipyard in the state, with Thoothukudi among the candidate sites, in a trillion-won class project tied to India’s Maritime Amrit Kahl Vision 2047.
HD Hyundai Group has confirmed a new order for one LNG carrier from “Asian shipowners”, with HD KSOE reporting that the deal lifts the group to 91.5% of its $18.05 billion annual order goal.
Over five decades, HD Hyundai expanded from its early Ulsan shipyard to become a globally recognized shipbuilder. The company’s production progress, naval and commercial ship programs, and worldwide customer network culminated in its recent 5,000-ship delivery milestone.
U.S. naval operations chief Adm. Daryl Caudle met with HD Hyundai and Hanwha Ocean executives during visits to Ulsan and Geoje shipyards, where both companies outlined cooperation plans linked to the MASGA initiative and U.S. naval programs.
HD Hyundai Heavy Industries has formalized an agreement with Cochin Shipyard Limited to organize a joint approach for the Indian Navy’s landing platform dock program, aligning the two shipyards’ roles with India’s ongoing defense modernization priorities.
HD Hyundai Heavy Industries signed a letter of intent with Peru’s SIMA to co-develop submarines for the Peruvian Navy, with a final agreement expected within this year and construction planned at the Ulsan shipyard.
