Eco-friendly dual-fuel lineup expanded to cover LNG, ammonia and more
HD Hyundai now partnered with both of the world's two major marine engine makers
Company aims to cement position as full-range marine engine manufacturer
HD Hyundai's marine engine subsidiary HD Hyundai Marine Engine has secured the right to produce engines using technology from global marine engine maker WinGD, as HD Hyundai moves to lead the market with a broad lineup of eco-friendly dual-fuel engines.
HD Hyundai Marine Engine announced Friday that it signed a new license agreement with WinGD on Wednesday morning at its Changwon factory in South Gyeongsang Province, covering the manufacture and sale of two-stroke marine propulsion engines.
The signing ceremony was attended by HD Hyundai Marine Engine CEO Yoo Jeong-dae and WinGD Vice President Peter Krähenbühl, along with other executives from both companies.
Under the agreement, HD Hyundai Marine Engine gains the right to independently produce and supply marine propulsion engines using WinGD technology across a range of fuels, including LNG, ammonia, liquefied petroleum gas and methanol.
WinGD is considered one of the two dominant players in the global marine propulsion engine market, alongside Everllence, with which HD Hyundai Marine Engine already holds a partnership in the ammonia engine segment.
HD Hyundai said the deal is part of its strategy to expand production flexibility in response to the market's shift toward eco-friendly dual-fuel engines. "We will be able to respond more flexibly to customers' diverse needs in terms of vessel type, fuel and engine brand," an HD Hyundai official said.
An HD Hyundai Marine Engine official said the agreement "is significant in that it further strengthens our position as a comprehensive marine engine manufacturer," adding that the company would "broaden customers' choices through product diversification, actively respond to new demand from domestic and overseas shipyards, and lead the future eco-friendly engine market."
klee@heraldcorp.com
