Collaboration to Develop Next-Generation Ammonia-Fueled Gas Carrier for Zero-Carbon Shipping

At the GasTech 2025 Exhibition in Milan, Everllence, along with HD Hyundai Heavy Industries and HD Hyundai Mipo Dockyard, announced a strategic partnership to develop a next-generation medium-sized gas carrier powered by Everllence’s ammonia-fueled engine. This collaboration aims to advance zero-carbon propulsion in the maritime industry.

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HD Hyundai Strengthens Shipbuilding in Vietnam with Doosan Vina Acquisition

HD Hyundai is expanding its shipbuilding business to enhance competitiveness against Chinese firms by acquiring Doosan Vina for $207 million. This acquisition strengthens its capabilities in producing essential components for LNG plants and eco-friendly shipping. The company is also increasing its shipbuilding capacity in Vietnam, aiming for higher annual vessel production.

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