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Saudi Aramco and its affiliates have signed multiple agreements with major South Korean companies, including Hyundai Heavy Industries (HHI), on new business opportunities to expand international operations.

Hyundai Heavy Industries (HHI) has made a profit in the first quarter of 2019, reversing from its loss position in the year-ago period.

MISC this week took delivery of Seri Camar, the fourth in its series of five MOSS-Type Seri C Class Liquefied Natural Gas (LNG) carriers built by Hyundai Heavy Industries (HHI).

The sheer scale of the new joint venture shipyard complex now under construction in Ras Al Khair on Saudi Arabia’s Gulf coast was revealed to Seatrade Maritime News this week during interviews in Dammam.

Bahri has placed a $120m order at Hyundai Mipo Dockyard (HMD) for a quartet of bulk carriers.

Oman Shipping Company has successfully raised $227m to finance its purchase of 10 new medium range tankers, which are chartered to Shell Tankers Singapore for seven years.

Plans for a joint venture mega-shipyard in Saudi Arabia have moved a step closer to becoming a reality with the appointment of HaskoningDHV UK Ltd and Hyundai Engineering & Construction Co Ltd to undertake front-end engineering (Feed) design of the Ras Al Khair yard in Saudi’s Eastern province.

DNV GL has classed the world’s largest semi-submersible drilling rig, Ocean Greatwhite.

Russian Maritime Register of Shipping (RS) has signed an agreement to class a new Floating Storage Regasification Unit (FSRU) under construction at Hyundai Heavy Industries in Korea.

Hyundai Heavy Industries (HHI) has signed a memorandum of understanding to establish an industrial cluster for localising marine equipment between marine equipment manufacturing and supply companies.

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