HD Hyundai Marine Engine Seals WinGD License Deal
HD Hyundai Marine Engine signed a new license agreement with WinGD, a global developer of core ship engine technologies, for the manufacture and sale of marine propulsion engines at its Changwon plant in South Gyeongsang Province on Oct. 28.The signing ceremony was attended by key executives from bo
HD Hyundai Marine Engine has inked a new license agreement with WinGD, a leading global developer of ship engine technologies. The signing ceremony took place on October 28 at the company's Changwon plant in South Gyeongsang Province. Attendees included key executives from both companies, including HD Hyundai Marine Engine CEO Yoo Jeong-dae and WinGD VP Peter Krahenbuehl.
The core of the deal is HD Hyundai Marine Engine's right to independently produce and supply two-stroke marine propulsion engines that incorporate WinGD's technology. This includes dual-fuel engines capable of using various next-generation fuels such as LNG, ammonia, LPG, and methanol, all of which have seen a surge in demand recently.
With this agreement, HD Hyundai Marine Engine has expanded its product lineup by adding WinGD's engine lineup to its existing Everllence lineup. This partnership enables the company to respond more flexibly to shipowners' increasingly diverse demands by leveraging the technologies of two dominant global marine propulsion engine companies.
The agreement is seen as an opportunity for HD Hyundai Marine Engine to enhance its standing as a comprehensive marine engine manufacturer, broaden customer choice through a more extensive product range, and lead the future eco-friendly engine market.
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