Company
HMM has ordered 2+2 50,000 dwt MR product tankers from HD Hyundai Heavy Industries, according to shipping broker Bancosta. Each ship is priced at $52 million, putting the four-vessel deal at about $208 million if HMM exercises the option.
HD Hyundai Chairman Chung Ki-sun attended the naming ceremony for the ammonia-propelled midsize gas carriers Adinkerke and Aalter at HD Hyundai Heavy Industries’ yard in Ulsan on 25 August 2026. The vessels were built for Belgian shipowner Exmar, which also received the earlier ammonia-propelled carriers Antwerpen and Arlon from the same yard in April.
Fraser Industries LLC has signed a memorandum of understanding with HD Korea Shipbuilding & Offshore Engineering on shipyard modernisation in the United States. The agreement covers work from yard diagnosis and layout design to robotics, automation, digital systems and workforce development, with Fraser Shipyards in Superior, Wisconsin, named as a demonstration model.
The 678-foot SS Wilfred Sykes arrived at Fraser Shipyards in Superior, Wisconsin, on June 8 for hull repairs and a round of maintenance. The 1949 steamer left the yard on July 21 after the work was completed. Fraser said the vessel had not been back in its dry dock since 1982.