ABS and HD Hyundai Inks Comprehensive MoU

ABS and HD Hyundai Inks Comprehensive MoU

American Bureau of Shipping (ABS), a leading provider of technical advice services for the maritime and offshore industries, and HD Hyundai, a major South Korean conglomerate involved in petroleum, machinery, heavy equipment, and shipbuilding, inked a comprehensive Memorandum of Understanding (MoU).

The MoU signifies a continuing collaboration and commitment between the two organizations as they deliver cutting-edge autonomous initiatives.

The organizations reconnected at the Consumer Electronics Show (CES) in Las Vegas to conclude the agreement, which covers four areas and builds on cooperative efforts to integrate autonomous navigation technology into essential vessel equipment and safety systems.

The four areas are:

  • Artificial Intelligence-based Autonomous Machinery Health Management Function (HiCBM)
  • Artificial Intelligence-based Autonomous Safety Management Function (HiCAMS)
  • Artificial Intelligence-based Autonomous LNG Fuel Gas Supply System (Hi-GAS+ SMART FGSS)
  • Artificial Intelligence-based Smart LNG Boil-off Gas Management System (Hi-GAS+ AI CHS)

“This is an exciting time for innovation and technology breakthroughs in maritime, and we are looking forward to continuing to evolve industry solutions with HD Hyundai to drive more efficient operations and advances in safety, addressing the challenges of today and those in the future,” said Christopher J. Wiernicki, ABS Chairman, President, and CEO.

The MoU’s scope expands upon the firms’ prior Strategic Framework Agreement, which they inked at CES 2022.

Following that contract, ABS collaborated with HD Hyundai’s subsidiaries Avikus and Korea Shipbuilding and Offshore Engineering (KSOE).

There were a number of significant accomplishments, such as the demonstration of technology created by Avikus that allowed the 180,000 cbm LNG carrier Prism Courage to sail in autonomous mode, under close monitoring, for around half of its transoceanic journey.

“The Prism Courage voyage was a milestone for the entire shipping industry and demonstrated the potential of artificial intelligence and autonomous functions to contribute to safe navigation at sea,” said Wiernicki.

“HD Hyundai is one of the most advanced companies in developing and commercializing autonomous navigation technology,” said Ki-sun Chung, President, and CEO of HD Hyundai.

“We are excited to expand our work with ABS, a leader in the industry in supporting autonomous projects. Through this agreement with ABS, we expect to further advance autonomous vessel technology that will support autonomous engine room operations as well as safety management,” Chung concluded.

ABS and HD Hyundai are coordinating joint development projects (JDPs) to begin in the first quarter of 2023.

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