Hyundai Heavy Industries Co. (HHI), flagship shipyard under Korea Shipbuilding & Offshore Engineering (KSOE), plans to use two thirds of over $900 million raised from upcoming IPO to enhance sea leadership in green fuel and automation. HHI, the world’s largest shipbuilder based in Korea, vowed to invest 760 billion won to develop environmentally-friendly vessel technology, …

The post HHI to use 70% of IPO proceeds to go green and automated first appeared on Hellenic Shipping News Worldwide. Source