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HD Hyundai Heavy Industries
South Korean shipbuilding and equipment company From Wikipedia, the free encyclopedia
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HD Hyundai Heavy Industries Co., Ltd. (HHI; Korean: HD현대중공업; RR: Eichidi Hyeondae Junggongeop) is the world's largest shipbuilding company and a major heavy equipment manufacturer.[3][4] Its headquarters are in Ulsan, South Korea.
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History
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HHI was founded in 1972 by Chung Ju-yung as a division of the Hyundai Group, and in 1974, completed building its first ships.[5] In 2002, the company was spun-off from its parent company.[6] HHI has four core business divisions: Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, and Engine & Machinery. HHI also has five non-core related subsidiaries: Hyundai Electric & Energy Systems, Hyundai Construction Equipment, Hyundai Robotics, Hyundai Heavy Industries Green Energy, and Hyundai Global Service.[7]
The Hyundai Group started as a small South Korean construction firm in 1947, headed by its founder, Korean entrepreneur Chung Ju-yung.[8] Another widely known and closely related Korean company, the Hyundai Motor Company, was founded in 1967, five years prior to the founding of the Heavy Industry Group. The motor company was also founded by Chung. The company has a partnership with Capital Product Partners to create four specialized ships with equipment for ocean-based carbon capture and storage to be delivered in 2025 and 2026 and at a cost of $300 million.[9]
The name is an informal romanisation of the Korean 현대 (hyeondae) meaning "contemporary" or "modern", which was Chung's vision for the group of companies that he founded.
On 11 July 2024, Hyundai Heavy Industries became the first Korean shipbuilder to sign a master ship repair agreement (MSRA) with Naval Supply Systems Command (NAVSUP), qualifying to participate in the U.S. Navy's MRO business.[10]
The company built the launch pad system for South Korea's rocket Naro-1 (KSLV-I) in 2013. It later manufactured the Nuri (KSLV-II) launch pad.[11]
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Products
Shipbuilding
- Crude oil tankers (Very Large Crude Carriers)
- Shipping container carrier ships
- Shipping exclusive container carrier cranes
- Oil and natural gas drilling ships
- Liquified natural gas carrier ships
- Liquified Petroleum Gas Carriers (LPG) including Very Large Gas Carriers (VLGC)
Offshore and industrial plant engineering
- Offshore oil and gas rig engineering and construction
- Oil and gas storage and delivery vessel construction (FPSO)
- Heavylift ship barge and ship transport vessels (Semi-submersible) building
Naval and special ships
- Destroyer
- Frigate
- Corvette
- Patrol vessel
- Auxiliary vessel
- Attack submarine
Engine and machinery
- Marine Engine & Machinery
- Engine Power Plants
Aerospace
- Rocket launch pad
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Corporate governance
As of 2025[1]
Criticism and controversies
HD Hyundai was alleged by a June 2025 UN expert's report to have provided heavy machinery that has been used to destroy property in the occupied Palestinian territories.[12][13] Amnesty International Korea documented the use of HD Hyundai machinery during the demolitions of Palestinian homes and property in the occupied West Bank.[14]
Gallery
A HHI LNG carrier
A HHI drillship
A HHI FPSO
A HHI naval vessel
A HHI submarine
KSLV-II lanuch pad
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See also
- List of shipbuilders and shipyards
- Defense industry of South Korea
- Ulsan HD FC, a South Korean football club owned by HD Hyundai Heavy Industries
References
External links
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