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HHI inks agreement to localise main equipment for offshore plants

South Korea’s Hyundai Heavy Industries (HHI) has signed a memorandum of understanding to collaborate on the localisation of main equipment and materials for offshore plants with Doosan Heavy Industries & Construction (DHIC) and Center for Creative Economy & Innovation in Ulsan and Gyeongnam.

Lee Hong Liang, Asia Correspondent

February 4, 2016

1 Min Read
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The collaboration will see HHI and DHIC develop six main items of equipment for offshore plants such as FPSO units and tension leg platforms, via sharing engineering and construction technology in onshore and offshore plant sectors.

HHI, the world’s largest shipbuilder, will apply DHIC’s flagship power technology of gas turbine generators and heat recovery steam generators to its offshore plants, jointly developing metallic materials for offshore floating structures.

“With most of the major equipment and materials imported from abroad, our localization initiative will drive our competitiveness forward in the offshore plant business. We are also enhancing our efforts to help local partner companies localize more items under the alliance with Center for Creative Economy & Innovation In Ulsan and Gyeongnam,” said Kim Sook-hyun, coo of HHI’s Offshore & Engineering Division.

In December last year, HHI also signed a memorandum of understanding with homegrown marine equipment research institute Komeri and 25 local marine equipment manufacturers to establish an industrial cluster for localising marine equipment production.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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