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HHI and Bahri sign smart ship deal Featured

(l-r): Chung Ki-sun, executive vice president, corporate planning office, HHI, with Ali Al Harbi, CEO of Bahri (l-r): Chung Ki-sun, executive vice president, corporate planning office, HHI, with Ali Al Harbi, CEO of Bahri

Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, has signed a memorandum of understanding (MOU) to establish a partnership in the smart ship sector with the National Shipping Company of Saudi Arabia (Bahri).

{mprestriction ids="1,2"}The signing ceremony was attended by Chung Ki-Sun, executive vice president of the corporate planning office at HHI, An Kwang-Hean, CEO of Hyundai Global Service, and Ali Al Harbi, CEO of Bahri. The Saudi shipping company was also represented by Bahri Data, the company’s recently launched in-house maritime Big Data and advanced analytics division.

“In just over a year since launch, Bahri Data has emerged as a critical differentiator for Bahri and has established itself as a benchmark for data-driven initiatives in the transportation industry,” said Anwar Siddiqui, head of Bahri Data.

“The need of the hour is a solid and reliable framework that puts data at the core of our business, and this collaboration will set the tone for distilling sophisticated transportation functions into streamlined and predictable data that helps make smarter decisions.”

“This strategic undertaking with HHI Group opens up several possibilities, including using Big Data technology to generate higher revenues and ensuring improved client satisfaction through real-time data and analysis.”

Under the MOU, the two companies will jointly develop smart ship solutions and apply them to ships operated by Bahri, currently totalling some 37 VLCC ships.

The systems employed will be an extension of the smart ship technology developed by HHI in 2011 for its first range of ‘smart ship’ services, which have now been applied to approximately 300 ships to date.

Hyundai Global Service, spun off from HHI in December last year, will take the lead in developing the technology, including systems to remotely monitor and control a ship’s machinery status, including engines and generators, reporting on repair status and advising on maintenance periods.

“The MOU is significant in that HHI and Bahri, leaders in the global shipbuilding and shipping sector, are teamed up in preparation for the Fourth Industrial Revolution era. We will exert our efforts to lead our respective markets by creating synergy of our shipbuilding expertise and Bahri’s fleet management know-how,” said Mr Chung.

Bahri has a previous order for a total of 34 ships already on the books with HHI Group, and the two companies are also currently cooperating in the development of the King Salman Global Maritime Industries Complex in Saudi Arabia.{/mprestriction}

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