Last 139,000 KRW
Change Today -4,500.00 / -3.14%
Volume 397.1K
As of 2:24 AM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

hyundai heavy industries (009540) Snapshot

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10/18/13 - 291,500
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hyundai heavy industries (009540) Details

Hyundai Heavy Industries Co., Ltd. manufactures and sells ships, offshore structures, plants, engines, and other products in Korea, North America, Asia, and Europe. The company operates in 10 segments: Shipbuilding, Offshore and Engineering, Industrial Plant and Engineering, Engine and Machinery, Electro Electric Systems, Construction Equipment, Green Energy, Financial Services, Oil Refining, and Others. It offers VLCCs, tankers, product carriers, containerships, bulk carriers, OBO carriers, LNG carriers, LPG carriers, FSRUs, drill ships, pure car carriers, Ro-Ro ships, RO-Pax ships, submarines, destroyers, frigates, and semi submersible rigs. The company also provides floating units, such as FPSOs, FLNGs, FPUs, Spars, and TLPs; fixed platforms, including topsides, jackets and piles, jack-ups, modules, and quarters; pipelines and subsea facilities consisting of subsea pipeline systems; offshore installations comprising platforms and pipelines; and land-based modules, as well as executes power, and oil and gas projects. In addition, it offers excavators, wheel loaders, forklifts, and skid loaders; wind and solar power systems; and petroleum products, petrochemicals, and lubricant oils, as well as is engaged in the securities brokerage, asset management, futures, corporate finance, and leasing. Further, the company provides two-stroke diesel and four-stroke HiMSEN engines; marine equipment; diesel power plants; industrial and marine pumps; ballast water treatment systems; side thrusters and compressors; and robots, press, and conveyor systems. Additionally, it offers transformers, gas insulated switchgears, switchgears, low- and medium-voltage circuits, breakers, rotating machinery, integrated control and monitoring systems, power electronics, and marine electrical equipment; designs, manufactures, and repairs gearboxes and transformers; and is engaged in football club and hotel operations. The company was founded in 1973 and is headquartered in Ulsan, South Korea.

Founded in 1973

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hyundai heavy industries (009540) Key Developments

Hyundai Heavy Industries Wins $2 Billion UAE Offshore Deal

Hyundai Heavy Industries reported it had won a $2 billion project to build offshore oil production facilities in the UAE. The deal with Abu Dhabi Marine Operating Co is for a project in the Nasr oil field, 130 km (80 miles) off Abu Dhabi. The project, with a targeted completion date of 2019, will triple the Nasr field’s production to 65,000 barrels per day.

GasLog Ltd. Orders Two New 174,000 Cubic Meter LNG Carriers from Hyundai Heavy Industries Co., Ltd

GasLog Ltd. announced that it has ordered two new 174,000 cubic meter LNG carriers from Hyundai Heavy Industries Co. Ltd. in South Korea. The vessels are expected to be delivered in the second half of 2017. The vessels have been ordered with tri-fuel diesel electric (TFDE) propulsion with GasLog’s option to change to two stroke diesel engines with low-pressure gas injection (“LP-2S”). The two vessels will have a boil off rate of 0.09% and relatively low fuel consumption will, when delivered, be amongst the most efficient vessels in existence and are therefore expected to be attractive to potential charterers. The delivered cost of the vessels will be in line with similar recent vessel orders.

Labour Union at Hyundai Motor and Hyundai Heavy Industries Set Out Demands Ahead of Annual Wage Negotiations

The labour union representing workers at Hyundai Group have set out their demands ahead of 2014 wage negotiations. The labour union at Hyundai Motors and Hyundai Heavy Industries has demanded an increase in the 'ordinary' (basic) wage before starting collective-bargaining negotiations over wages and employment benefits in 2014. The union representatives have already submitted their demands to the automaker, which call for the inclusion of all fringe welfare benefits as well as fixed bonuses in regular pay. In addition, the union is demanding a KRW 159,614 (USD 153.4) hike in the monthly basic wage (which is an increase of 8.2% from the monthly basic pay received in 2013), formal hiring of temporary workers on assembly lines, and sweeping work-hour reforms. The labour union at both companies warned of strike action jointly with the wider Korean Metal Workers' Union (KMWU) at their domestic plants should the companies fail to meet their demands.


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