HiNAS Control system
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HD KSOE signs $1.45bn contract with HMM for eight container ships
Yahoo Finance· 2025-11-24 17:49
Core Insights - HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured a shipbuilding contract valued at $1.456 billion with global shipping company HMM for the construction of eight container vessels, each with a capacity of 13,400 TEU [1][2] - The contract increases HD KSOE's total orders for container ships in 2023 to 69 vessels, representing a combined capacity of 720,000 TEU, the highest among South Korean shipbuilders [2] Group 1: Contract Details - The contract includes the construction of eight container vessels, with two being built at HD Hyundai Heavy Industries and six at HD Hyundai Samho [1] - Deliveries of the vessels are expected to commence in sequence and continue until the first half of 2029 [2] Group 2: Technological Advancements - The new vessels will be equipped with liquefied natural gas (LNG) dual-fuel engines and a fuel tank that is approximately 50% larger than standard versions, aimed at enhancing operational efficiency [2] - HD Hyundai has introduced the HiNAS Control system for its new builds since 2023, which is an autonomous navigation system developed in partnership with Avikus [3][4] - HiNAS Control features include vessel maneuvering, collision detection, and avoidance, with data indicating a 15% reduction in carbon emissions and a similar increase in fuel efficiency [4] Group 3: Market Position and Future Plans - An HD Hyundai representative emphasized the company's commitment to leading the decarbonization of the shipbuilding and shipping industries through technological advancements focused on eco-friendly and high-efficiency vessels [5] - The recent contract follows HMM's announcement of new vessel orders totaling Won4 trillion, which includes twelve 13,000 TEU container ships and two very large crude carriers [5] - HD Hyundai Heavy Industries recently celebrated the milestone of delivering its 5,000th ship [6]