Hyundai Heavy Industries

Canvas Category OEM : Ship and Boat

Website | LinkedIn

Primary Location Ulsan, South Korea

Financial Status KRX: 009540

Since its establishment in 1972, Hyundai Heavy Industries has grown into the world’s leading heavy industries company by successfully diversifying from shipbuilding into offshore and engineering, and engine and machinery. Over the past 50 years, we have encountered and prevailed over innumerable challenges and obstacles.We are proud to note that we have not only played a pivotal role in our own nation’s economic development but also have become a responsible global corporate citizen contributing to the sustainable development of the world economy. The key to our success lies in our business philosophy characterized by creative wisdom, positive thinking, and unwavering drive, which took inspiration from the indomitable pioneering spirit of our founder Mr. Chung Ju-yung.

Assembly Line

Hyundai Heavy to adopt Palantir's big data platform

📅 Date:

🏢 Organizations: Hyundai Heavy Industries, Palantir

South Korea’s Hyundai Heavy Industries Group said on Wednesday that it has signed a contract with Palantir Technologies Inc., a US data analytics company, to introduce the latter’s data-driven operating system Foundry across its shipyards. The big data platform is expected to accelerate the shipbuilder’s digital transformation it has been pushing for under a so-called Future of Shipyard vision. In January and May of this year, Hyundai Samho and Hyundai Heavy conducted pilot projects to apply the Foundry platform to their ship design and manufacturing processes. Going forward, the group will apply the Foundry system to other units such as Hyundai Construction Equipment Co. and Hyundai Electric & Energy Systems Co.

Read more at Korean Economic Daily

Hyundai’s self-steering ship subsidiary says it has made hundreds of sales

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🏭 Vertical: Ship and Boat

🏢 Organizations: Avikus, Hyundai Heavy Industries

Lured by the promise of lower labor costs and decision assistance, some commercial shipping companies are looking to explore autonomous navigation systems. In one of the latest and most ambitious experiments with the technology, a natural gas tanker named Prism Courage ventured from Texas to South Korea in May, completing about half of its 33-day test journey on June 2 without the help of a human crew.

Read more at Emerging Tech Brew