$60 million ship AM service contract,
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, ‘HD Hyundai Marine Solutions, a comprehensive solution company in the ocean industry of HD Hyundai, has signed the largest ship long-term maintenance contract in history.’,
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, ‘HD Hyundai Marine Solutions announced on the 29th that it had signed a $60 million (approximately 829 billion won) ship long-term maintenance service supply contract with a European-based shipping company. In terms of a single transaction, this is the largest amount ever.’,
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, ‘Under this contract, HD Hyundai Marine Solutions will supply parts and materials to 38 ships belonging to the shipping company’s fleet until 2029 and provide stable maintenance services through dedicated engineers.’,
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, ‘Generally, shipping companies and shipowners adopt strategies to maximize ship operation time by minimizing the time required for parts replacement, repairs, and maintenance through LTSA. The global ship AM (After Market) market, estimated to be worth $10 billion (approximately 13.819 trillion won), is gaining attention as a stable source of revenue.’,
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, ‘To this end, HD Hyundai Marine Solutions is building and utilizing programs to predict future demand for parts and materials, optimize inventory levels, and strengthen global sales through LTSA dedicated organizations and overseas subsidiaries.’,
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, ‘HD Hyundai Marine Solutions CEO Lee Ki-dong stated at a press conference held in April ahead of the company’s IPO, “To expand the company’s core AM business, 40% of the funds secured through the IPO will be invested in building logistics infrastructure and securing domestic and foreign port warehouses.”‘,
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, ‘An official from HD Hyundai Marine Solutions said, “As the ship transportation volume increases, stable growth in the AM market is expected, so we will maintain our position as a global leading company by providing optimal services and quality.”‘,
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