Hyundai invests $1.8bn in smart ships research

Sarah Carter
Sarah Carter

03 April 2017


South Korea's Hyundai Heavy Industries (HHI) will invest $1.8bn in shipbuilding related R&D including the development of smart ships and setting up a smart shipyard. "HHI will invest USD 1.8 billion in developing eco-friendly and smart ships, enhancing offshore engineering capability, and establishing smart ship yard," says a press statement from the company. HHI Group splits into four separate companies - Hyundai Heavy Industries, Hyundai Electric & Energy Systems, Hyundai Construction Equipment and Hyundai Robotics. It has announced plans to spend a total $3.1bn on R&D of all four companies. Last year in July HHI announced that it was working with Intel, SK Shipping, Microsoft, the Daejeon Center for Creative Economy and Innovation (DCCEI) and the Ulsan Center for Creative Economy and Innovation (UCCEI) – wants to bring smart ships to the world’s oceans. According to sources, in 2019, the Ship Service Software should be applied to smart ships, if all goes according to planned. At a tree planting ceremony at HHI’s Ulsan shipyard to commemorate HHI Group’s rebirth, vice chairman & CEO of HHI Kwon Oh-gap remarked, “As today marks new chapter in our history, the three newly established companies will make utmost efforts to rank the global top 5 in their respective fields by making quality and technology top priorities.” Image: Stock Library.