AI boom puts shipowners in race with tech giants for engines
AI Summary
HD Hyundai Heavy Industries secured its largest-ever power-generation engine contract worth KRW 956 billion with Corban Energy Group. This deal highlights how the artificial intelligence boom is expanding markets for marine equipment and creating supply challenges for shipowners.
HD Hyundai Heavy Industries has landed its largest-ever power-generation engine contract, underlining how the artificial intelligence boom is opening a huge new market for marine equipment manufacturers — and potentially creating another supply headache for shipowners. The Korean shipbuilding giant has just signed a KRW956bn ($676m) agreement with US energy infrastructure developer Corban Energy Group …