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Hyundai Heavy Industries

Rosneft and Hyundai Heavy of South Korea are creating their JV to manufacture heavy tankers with its controlling stake in possession of Russia, Rosneft executive, Mr. Igor Sechin, informs journalists.

"Being created is the JV with Hyundai Heavy for design and manufacture of Aframax heavy tankers with fuel gas engines", Mr. Sechin said after the relevant agreement execution ceremony.

Mr. Sechin explained that by 2020, special requirements would apply to tankers passing some canals and straits. "Had we not done it (executed the agreement, ed.) now, we would have problems with hydrocarbon transportation", he emphasized.

02 September 2016
TASS
Investor
Primorye Region

Investor profile

Hyundai Heavy Industries

South Korea

Company's website: http://english.hhi.co.kr/

T: +82-52-202-2114

Public company

Contact: Choi Kil-seon, BoD President, CEO

South Korean Multi-Industry Combine. The company is one of the global heavy machinery majors accounting for 17 % of the global ship production and 30 % of the global ship engine production.

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