* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, June 2, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Rising stars: Young classical musicians surging on social media – Yahoo

    Meet the Next Generation of Classical Music Sensations Making Waves on Social Media!

    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

    Unveiling the Enigmatic: First Looks at Destruction and Puck in ‘The Sandman

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Drone technology demo in Cambria County showcases future of lifesaving medical deliveries – local21news.com

    Revolutionizing Healthcare: Drone Technology Takes Flight for Lifesaving Medical Deliveries in Cambria County

    Revolutionary Harvesting Technology Promises to Slash CAR-T Manufacturing Costs!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Rising stars: Young classical musicians surging on social media – Yahoo

    Meet the Next Generation of Classical Music Sensations Making Waves on Social Media!

    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

    Unveiling the Enigmatic: First Looks at Destruction and Puck in ‘The Sandman

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Drone technology demo in Cambria County showcases future of lifesaving medical deliveries – local21news.com

    Revolutionizing Healthcare: Drone Technology Takes Flight for Lifesaving Medical Deliveries in Cambria County

    Revolutionary Harvesting Technology Promises to Slash CAR-T Manufacturing Costs!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Shipping is a dirty business. Cleaning it up is lucrative: Tim Culpan

May 15, 2024
in Business
Shipping is a dirty business. Cleaning it up is lucrative: Tim Culpan
Share on FacebookShare on Twitter

Discover the untapped potential driving South Korea’s tech-centric stock market surge. HD Hyundai Marine Solution Co.’s $500 million IPO heralds a new era, doubling its value in days. While not a chip giant or EV supplier, its ship-service focus resonates with investors amid rising green initiatives. With IMO regulations pushing eco-vessels, HD Hyundai’s retrofitting prowess and bunker services thrive. Ride the wave of maritime sustainability with this industry frontrunner.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

By Tim Culpan

South Korea’s tech-heavy stock market has found inspiration in an underappreciated sector of the nation’s sprawling economy. HD Hyundai Marine Solution Co. raised more than $500 million in its initial public offering last week and immediately found momentum: The stock doubled in the first few days of trading, taking its market value past $5.8 billion.

It’s not a chipmaker like Samsung Electronics Co. nor an electric-vehicle battery supplier like LG Energy Solution Ltd. HD Hyundai Marine is in the ship-services business, and investors have taken notice. The biggest winner from its meteoric first-week rise is its largest shareholder, South Korea’s Hyundai conglomerate. Private-equity firm KKR & Co. is also counting its profits as it retains a 24% stake after the listing. KKR, HD Hyundai Co. and its slate of new investors are all betting that a global green movement that’s taking hold in industries from server farms to automobiles will prove lucrative to the ocean transport sector.

Regulations implemented by the International Maritime Organization in 2020, called IMO2020, mandate hitting reduction targets for sulfur dioxide emissions to reduce shore-side air pollution. That means using less, and cleaner, fuel. A separate set of goals for greenhouse gas emissions, called the 2023 IMO GHG Strategy, aims to cut carbon-dioxide emission intensity 40% by 2030, including 10% of all fuels being zero-emission.

There’s a few ways these goals can be achieved. The first is to build entirely new ships with cleaner, more efficient engines. That’s happening, and is driving demand at ship builders. Another is to retrofit devices onto existing engines that filter exhaust air, make tweaks that ensure they run more efficiently, or convert them to dual-fuel so that they can use cleaner alternatives like methanol or ammonia. 

Each of these choices requires a follow up-service, including checking and replacing components, as well as testing whether a ship is running at maximum efficiency. These ongoing costs will be an increasingly important part of marine-transport operations. It’s also an opportunity for maintenance companies.

HD Hyundai Marine’s business does both: retrofitting and after-market support for ships. It also provides fuel supply for maritime vessels, known as bunker service. Among the deals it has struck is a contract to help Greek operator Thenamaris LNG implement re-liquefaction on at least one of its carriers, a process that returns evaporated gas back to their tanks. This cuts wastage and carbon emissions. The business also installs treatment systems to clean up ballast water, a common cause of ocean pollution, to make ships meet stricter environmental regulations.

These eco-friendly vessels tend to require greater care — the engines are often more complex, and the parts more expensive. That’s why HD Hyundai Marine is so confident that revenue will keep rising. Splintering of supply chains and logistics will also be a driver.

According to the company, HD Hyundai Maritime’s annual turnover includes 50,000 purchase orders and 80,000 deliveries with warehouses in Busan, Rotterdam, Houston, Singapore and soon Dubai. As global manufacturing diversifies away from China, we’ll see more factories open in Vietnam, India, Mexico, and Eastern Europe. Rather than replacing China, supply chains will require ships making calls in more ports and with more frequency.

To keep up, the firm will have to grow. IPO proceeds will go toward expanding shipyards in Southeast Asia, increasing warehouse capacity, and developing technologies for making vessels more green, Chief Executive Officer Lee Ki-dong said in an interview with Bloomberg News last week. Each of these moves will add cost and complexity, but if executed efficiently will also offer competitive advantages. 

It’s not alone in the space. Alfa Laval AB of Sweden and Norwegian Kongsberg Gruppen ASA, named as peers in its prospectus, offer a similar collection of services. A handful of Chinese names are also in the mix. But HD Hyundai Marine’s biggest advantage is its parentage, including its affiliation with the world’s biggest shipbuilder HD Hyundai Heavy Industries Co.

Simply acting as Hyundai Heavy’s after-market sales and service business would be enough to give it an advantage over rivals, and it will definitely leverage that relationship. But in the long term, sustainable growth needs to come from building a reputation as a reliable provider of greening services.

There are myriad ways companies like HD Hyundai can mess up. Expanding too fast and overspending on new facilities is a big risk. Failing to keep up with industry trends, or the market itself suffering a downturn are others. Right now, investors don’t seem concerned. Their love for this exciting new category of company may wane when the EV market picks up again, or the smartphone sector finally returns to growth. But, for now, ship maintenance is exciting.

Read also:

🔒 FT: Investors call China’s stock market ‘uninvestable’ after $2 trillion loss
🔒 Nvidia unveils Blackwell chips: A leap forward in AI computing power
🔒 The secret that explains the price of the cheapest Tesla

© 2024 Bloomberg L.P.

Visited 58 times, 58 visit(s) today

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BizNews – https://www.biznews.com/global-investing/2024/05/14/shipping-tim-culpan

Tags: businessDirtyShipping
Previous Post

Australia bucks global trends with second surplus

Next Post

Vodacom’s fibre partnerships set to transform African broadband landscape

Economy Shrank Less Than Previously Thought in First Quarter – Investopedia

Economy Shrank Less Than Previously Thought in First Quarter – Investopedia

June 2, 2025
Rising stars: Young classical musicians surging on social media – Yahoo

Meet the Next Generation of Classical Music Sensations Making Waves on Social Media!

June 2, 2025
Medicaid work rules could leave a million Californians with no health insurance – CalMatters

California’s Medicaid Work Rules: A Million Residents at Risk of Losing Health Coverage!

June 2, 2025
Texas Democrat Beto O’Rourke returns to Houston area for another town hall – Houston Public Media

Beto O’Rourke Makes a Comeback: Join Him for an Engaging Town Hall in Houston!

June 2, 2025
In Indore, Alstom’s advanced metro train and CBTC signalling technology transform urban mobility as revenue service commences – Alstom

Revolutionizing Urban Mobility: Alstom Launches Advanced Metro Train and Cutting-Edge Signalling Technology in Indore

June 2, 2025
NFLPA says it’s not “actively preparing” for European division – NBC Sports

NFLPA Clarifies: No Plans for an NFL European Division Just Yet!

June 2, 2025
Conservation | Definition, Ecology, Examples, & Facts – Britannica

Unlocking the Secrets of Conservation: Understanding Ecology, Real-World Examples, and Fascinating Facts

June 2, 2025
Invisible radiation leaking from private satellite ‘megaconstellations’ could ruin radio astronomy forever, experts warn – Live Science

Invisible radiation leaking from private satellite ‘megaconstellations’ could ruin radio astronomy forever, experts warn – Live Science

June 2, 2025
Why a science-based climate policy helps business leaders – The World Economic Forum

Unlocking Success: How Science-Based Climate Policies Empower Business Leaders

June 2, 2025
Exercise boosts survival rates in colon cancer patients, study shows – The Lufkin Daily News

How Exercise Can Significantly Improve Survival Rates for Colon Cancer Patients

June 2, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (658)
  • Economy (673)
  • Entertainment (21,580)
  • General (15,256)
  • Health (9,716)
  • Lifestyle (675)
  • News (22,149)
  • People (674)
  • Politics (682)
  • Science (15,893)
  • Sports (21,178)
  • Technology (15,660)
  • World (660)

Recent News

Economy Shrank Less Than Previously Thought in First Quarter – Investopedia

Economy Shrank Less Than Previously Thought in First Quarter – Investopedia

June 2, 2025
Rising stars: Young classical musicians surging on social media – Yahoo

Meet the Next Generation of Classical Music Sensations Making Waves on Social Media!

June 2, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version