HD Hyundai Marine Solutions announced on July 27 that it recorded a revenue of 580.4 billion won and an operating profit of 97.6 billion won for the second quarter of this year. These figures represent increases of 24.1% and 17.6%, respectively, compared to the same period last year.
The growth is attributed to the overall performance of its core businesses, including the AM sector related to ship parts and services, eco-friendly retrofitting, and digital solutions, alongside increased revenue from its bunkering operations.
Breaking down the performance by business segment, the revenue from the three core areas rose by 25.2% to 356.7 billion won, while the bunkering business saw a 22.3% increase, reaching 223.7 billion won.
The eco-friendly solutions segment experienced significant growth, with major ship retrofitting projects ramping up, resulting in a 38.1% increase in revenue to 45.3 billion won compared to the same period last year. HD Hyundai Marine Solutions aims to complete its first-generation retrofitting projects, such as the installation of ballast water treatment systems and desulfurization equipment, while expanding into next-generation retrofitting projects focused on eco-friendly fuel conversion and carbon reduction to capture global demand for gas ship retrofitting.
The digital solutions segment also continued its upward trend. With an increase in new vessels equipped with new solutions, sales of power generation shaft generators and specialized control systems for ships rose by 65.5% to 36.4 billion won compared to the previous year.
A representative from HD Hyundai Marine Solutions stated, "We are establishing a stable business foundation with balanced growth across our core areas of AM, eco-friendly, and digital solutions. We will strengthen our efforts in the rapidly growing market for power engines for data centers and the floating data center retrofitting market, driven by the widespread adoption of AI technology."
Additionally, HD Hyundai Marine Solutions announced in May that it had signed a memorandum of understanding (MOU) with AEG, a U.S. energy infrastructure development company, for the maintenance and repair of power engines for data centers.
* This article has been translated by AI.
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