Norwegian officials visit HHI

April 18, 2016

South Korean shipbuilder Hyundai Heavy Industries (HHI), announced that the Prime Minister of Norway Erna Solberg and Norwegian Ambassador to Korea Jan Grevstad visited the firm.  

During a meeting held at HHI’s headquarters in Ulsan, the Prime Minister showed particular interests in HHI developing long-term business partnerships with Norwegian companies and the government in the areas of offshore exploration and production, and building of vessels. 

Moreover, the Prime Minister called upon HHI to continue to cooperate with its partners in Norway for the mutual growth of both countries. The Norwegian delegation also made a visit to HHI’s offshore yard in Ulsan, and encouraged Norwegian supervisors working on the Aasta Hansteen spar hull project, which is currently being built at the yard.

In July 2012, HHI won the project from Statoil in consortium with Technip. HHI has won a total of about 100 ships worth US$8 billion from 27 Norwegian clients since 1979, and has also been building liquefied natural gas carriers under technical partnerships with Moss Maritime of Norway, the company said.

Speaking of offshore business, HHI has won a total of $10 billion worth of offshore facilities contracts from Norway including the Goliat floating, production, storage and offloading vessel capable of storing 1 MMbo, which HHI handed over to Eni Norge last year.

HHI is also looking to jointly collaborate on business development opportunities with Saudi Aramco in Saudi Arabia. This collaboration will allow HHI to cater to the growing vessel demand in the Middle East, plus build vessel types that are no longer profitable to construct in Korean shipyards.

In January, the company said it would temporarily stop operations at its Onsan shipyard in South Korea, as it has no more orders to work on. The firm plans convert the 200,000sq km area into a storage space, with all future orders handled at its Gunsan facility.

Read more:

HHI closing Onsan yard

HHI, Saudi Aramco to team up



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