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Hyundai Heavy Industries Co Ltd (009540.KS)

009540.KS on Korea Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hyundai Heavy Industries to spend 3.5 trillion won on research and development - Nikkei
Wednesday, 5 Apr 2017 04:52pm EDT 

Nikkei:Hyundai Heavy Industries to spend 3.5 trillion won on research and development over next five years - Nikkei.  Full Article

GTT to equip Hyundai Heavy Industries' LNG carrier
Tuesday, 21 Mar 2017 12:49pm EDT 

Gaztransport et Technigaz SA : To equip new Hyundai Heavy Industries' <009540.KS> LNG carrier .Delivery Hyundai Heavy Industries' LNG carrier is scheduled in 2019.  Full Article

Curexo to buy medical robot business from Hyundai Heavy Industries for 11.1 bln won
Monday, 13 Mar 2017 06:02am EDT 

Curexo Inc <060280.KQ> :Says it will buy medical robot business from Hyundai Heavy Industries Co.,Ltd for 11.1 billion won.  Full Article

John Fredriksen's Seatankers buys West Mira rig from Hyundai yard
Monday, 13 Mar 2017 02:41am EDT 

Seadrill Ltd : Announces settlement of West Mira arbitration . Has reached a settlement agreement with Hyundai samho heavy industries co ltd. ("hshi") in relation to west mira arbitration. Seadrill will receive a cash payment of $170 million in march 2017 as full settlement of dispute . Company will take a non-cash impairment of approximately $44 million to reflect difference between carrying value of west mira receivable and cash payment to be received . As part of this settlement, John Fredriksen's firm Seatankers, a related party, has purchased west mira from hshi . Seatankers is an asset holding company and is not expected to engage in offshore drilling activities in competition with seadrill . Company expects to execute an agreement with seatankers for commercial and technical management of west mira as well as a right of first refusal for purchase of unit .This settlement agreement brings an early conclusion to arbitration process.  Full Article

GTT to equip new Hyundai Heavy Industries' floating and regasification unit
Monday, 20 Feb 2017 12:38pm EST 

Gaztransport et Technigaz SA :Receives an order from Hyundai Heavy Industries (HHI) <009540.KS> to equip a new floating storage and regasification unit (FSRU) with its Mark III cryogenic membrane containment system.  Full Article

Hyundai Heavy Industries sees full year revenue to be 14.96 trln won for FY 2017
Monday, 2 Jan 2017 08:24pm EST 

Hyundai Heavy Industries Co Ltd <009540.KS> :Sees full year revenue to be 14.96 trillion won for FY 2017.  Full Article

Hankuk Carbon signs 53.44 bln won contract with Hyundai Heavy Industries
Wednesday, 14 Dec 2016 09:34pm EST 

Hankuk Carbon Co Ltd <017960.KS> : Says it signs 53.44 billion won contract with Hyundai Heavy Industries Co., Ltd to provide cryogenic cold insulation materials .Says the contract period from Dec. 14 to Aug. 3, 2018.  Full Article

Hyundai Heavy Industries to set up new wholly owned solar energy subsidiary
Tuesday, 15 Nov 2016 03:49am EST 

Hyundai Heavy Industries Co Ltd <009540.KS> : Says it will invest 419.55 billion won to set up a new wholly owned solar energy subsidiary, named Hyundai Heavy Industries Green Energy Co., Ltd . Says the new subsidiary will be capitalized at 40 billion won and the company will hold entire 8 million shares of the subsidiary .Expected transaction settlement date is Dec. 1.  Full Article

Hyundai Heavy Industries says change of co-CEO from Choi Gil Seon to Kang Hwan Gu
Tuesday, 15 Nov 2016 03:34am EST 

Hyundai Heavy Industries Co Ltd <009540.KS> : Says change of co-CEO from Choi Gil Seon to Kang Hwan Gu, due to Choi Gil Seon's resignation .Says Gwon Oh Gap will still serve as co-CEO in the company as well.  Full Article

Euronav announces deferral of VLCC resale deliveries into Q1 2017
Friday, 14 Oct 2016 02:10am EDT 

Euronav NV : Announces it has agreed with Hyundai Heavy Industries (HHI) <009540.KS> shipyard in South Korea to defer the delivery of the two VLCC ex-yard resale vessels it recently purchased to the first quarter of 2017 . Vessels, previously expected to be delivered between October and November 2016, will now be delivered in January 2017 .Amount of approximately USD 97 million expected to be paid to shipyard during Q4 2016 is now expected to be paid in Q1 2017.  Full Article

More From Around the Web

BRIEF-Curexo to buy medical robot business from Hyundai Heavy Industries for 11.1 bln won

* Says it will buy medical robot business from Hyundai Heavy Industries Co.,Ltd for 11.1 billion won