HD Hyundai has entered a memorandum of understanding (MoU) with H-Line Shipping to co-develop AI-based autonomous and eco-friendly ship technology.
The initiative aims to integrate AI into various aspects of ship operations to enhance efficiency, safety, and environmental sustainability.
This collaboration will focus on advancements in autonomous navigation, engine automation, optimal route planning, and cargo transport efficiency.
The MoU was signed at the HD Hyundai Global R&D Centre in Pangyo, bringing together executives from both companies.
This agreement involves HD Korea Shipbuilding & Offshore Engineering (HD KSOE), HD Hyundai Marine Solution, Avikus, apart from H-Line Shipping.
It outlines a joint development project that will see the integration of Avikus’ autonomous navigation solution HiNAS, HD Hyundai Marine Solution’s optimal routing solution OceanWise, and HD KSOE’s AI-based cargo management system AI-CHS.
HD Hyundai will manage the integration and implementation of the technology, while H-Line Shipping will contribute an LNG carrier for the sea trials and verification of the technology.
The goal is to reduce fuel consumption and operational costs while increasing the safety and longevity of vessels.
H-Line Shipping COO Ho-Dong Seo said: “Technology that transports cargo via the most optimal routes using AI is a critical factor determining a shipping company’s competitiveness.
“We expect this collaboration further to enhance the efficiency and safety of our fleet operations.”
HD Hyundai and H-Line Shipping are positioning themselves to gain a competitive edge by developing solutions that address the entire ship lifecycle, from design and construction to operation and maintenance.
This partnership aims to meet the growing demand for AI applications in shipping and the stringent environmental regulations set by the International Maritime Organisation (IMO).
HD KSOE CTO Kwang-Pil Chang said: “This partnership is the starting point for AI-based digital innovation that transcends the boundaries between shipbuilding and shipping. It will serve as an important milestone in setting the standard for the eco-friendly ships of the future.”
In addition to this MOU, HD Hyundai has also recently signed an agreement with Cochin Shipyard Limited (CSL) in India to collaborate on shipbuilding.
This partnership will focus on design and procurement support, technical collaboration for productivity and quality, and workforce training, with the potential for new shipbuilding orders both in India and abroad.