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The intense rivalry between HD Korea Shipbuilding & Offshore Engineering (HDKSOE) and Hanwha Ocean has now spilled over into ship engine manufacturing capabilities, as evidenced by the HD Hyundai Group affiliate's recent acquisition of STX Heavy Industries, only months after the Hanwha affiliate acquired HSD Engine, according to market watchers, Tuesday.
HD Korea Shipbuilding & Offshore Engineering, the shipbuilding unit under HD Hyundai, said Tuesday it will acquire STX Heavy Industries, a Korea-based marine diesel engine manufacturer in a 81.3 billion won ($63.5 million) deal. The company said it signed a contract with the private equity firm Pinetree Partners to purchase its 6.52 million shares in the engine manufacturer and an additional 5.36 million newly is...
HD Korea Shipbuilding & Offshore Engineering is slated to acquire STX Heavy Industries to launch large engines for small-to-mid-sized carriers
Hyundai Vietnam Shipbuilding is a sister yard to Hyundai Mipo Dockyard.Photo: Hyundai Vietnam Shipbuilding The Hyundai Vietnam Shipbuilding Company will...
HD Hyundai Heavy Industries (HHI) has obtained Approval in Principle (AiP) from ABS for its new ammonia-based ship HVAC refrigeration system.