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New Zealand To Spend $493 Million For Construction Of New Ship

April 10, 2017 @ 01:50 PM

The Royal New Zealand Navy will get its largest ever ship, 1 24,000 ton vessel costing an approximate $493 million in 2020. The 173-meter long vessel, Aotearoa, will be built by Hyundai Heavy Industries
Hyundai Heavy Shareholders Approve Restructuring Plan

March 2, 2017 @ 09:16 AM

South Korean Hyundai Heavy Industries (HHI) shareholders have approved a plan to split the company into six separate entities from April this year despite objections from the company's union employees. The shareholder motion splits the world's largest shipbuilder into six separate companies – a shipbuilding entity, plus five independent firms derived from the conglomerate's electronics, robotics, services, alternative energy and construction equipment divisions
S Korea Launches First Combat Support Ship With Improved Load Capability

November 30, 2016 @ 10:53 AM

South Korea has launched its first combat support ship 'Soyang' which is capable of carrying 1,050 tons of stores that is nearly 2.3 times larger than what can be taken on by existing support vessels
Turkey Develops First Prototype Of New ‘Altay’ Tank

November 11, 2016 @ 11:52 AM

Turkish firm Otokar has completed the development of a new battle tank called Altay with assistance from South Korea. A top company official was quoted as saying by Yonhap that the firm plans to begin mass production within the next 18 to 22 months
S. Korea Launches Eighth KSS-II Submarine

November 8, 2016 @ 08:51 AM

South Korea today unveiled its eighth submarine in an effort to reinforce its maritime combat capability in the face of North Koreas growing threat. Built by Daewoo Shipbuilding & Marine Engineering Co
S Korea Plans US$9.6 Billion Naval, Civilian Orders For Shipbuilders

October 31, 2016 @ 11:07 AM

South Korea has planned ordering 250 vessels, including Naval and Civilian, worth about $9.6 billion (11 trillion won) for shipbuilders by 2020
Hyundai Heavy Industries To Build Two 2,600 Ton Frigates For Philippine Navy

October 24, 2016 @ 02:54 PM

Hyundai Heavy Industries (HHI) has won a $325.7 million contract to build two 2,600 ton frigates from Philippines national defense
Hyundai Wins $337 Million Deal To Build Two Warships For Philippines

September 6, 2016 @ 12:07 PM

Philippines has awarded $337 million contract to South Korean Hyundai Heavy Industries (HHI) to build two modern warships for its Navy. The Philippine Department of National Defense (DND) initiated the acquisition of the two battleships nearly three years ago to prompt the upgrade of the country's territorial defense capabilities
South Korea To Market Locally-made Military Hardware At DX Korea 2016 Show

August 2, 2016 @ 12:57 PM

South Korea will showcase the latest high-tech advances in weapons systems at DX Korea 2016 to be held at the Korea International Exhibition Center, northwest of Seoul, from Sept. 7-10
New Zealand Approves Purchase Of Naval Tanker For $493 Million From Hyundai...

July 20, 2016 @ 06:27 AM

The New Zealand Government has approved the purchase of a new naval tanker for its Defence Force for $493 million which will be ice-strengthened and winterised for operations in Antarctica. The project will support a full range of NZDF deployments, including maritime sustainment and humanitarian and disaster relief operations, Defence Minister Gerry Brownlee said

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