{"id":90871,"date":"2025-12-09T00:00:00","date_gmt":"2025-12-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/12\/09\/south-koreas-hd-hyundai-to-build-usd-2-bn-shipyard-in-india\/"},"modified":"2025-12-09T00:00:00","modified_gmt":"2025-12-09T00:00:00","slug":"south-koreas-hd-hyundai-to-build-usd-2-bn-shipyard-in-india","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/12\/09\/south-koreas-hd-hyundai-to-build-usd-2-bn-shipyard-in-india\/","title":{"rendered":"South Korea\u2019s HD Hyundai to build USD 2 bn shipyard in India"},"content":{"rendered":"

HD Hyundai eyes USD 2 bn shipyard in India: <\/strong>South Korea\u2019s shipbuilding giant HD Hyundai inked an agreement with the Indian government to establish a USD 2 bn shipyard at Madurai in the southern state of Tamil Nadu, Splash247<\/a> reports. The agreement comes a few weeks after the Indian government announced a c. USD 7.8 bn investment package<\/a> to boost its shipbuilding and maritime sector. <\/p>\n

Not the first sign of maritime amity: <\/strong>HD Hyundai signed an MoU<\/a> last July with India\u2019s state-owned Cochin Shipyard \u2014 the subcontinent\u2019s largest public sector yard \u2014 to kick off collaboration in areas including design and procurement support, productivity enhancement, and human capital development.<\/p>\n

REMEMBER- India wants to become among the top 10 shipbuilding powers by 2030<\/strong>, and among the top five by 2047. Currently, India accounts for less than 1% of the sector\u2019s global market. <\/p>\n

Where should India start? <\/strong>New Delhi could start its shipbuilding push by specializing in building vessels of lower value, as Chinese shipyards zero in on more complicated tonnage, Lloyd\u2019s List<\/a> reported earlier this year. By focusing on general cargo carriers \u2014 an old fleet with high replacement demand \u2014 India can step in, as Beijing\u2019s shipyards lose interest in smaller, lower-value tonnage.<\/p>\n

\n

\n

German shipping giant Hapag-Lloyd (HL) joined a line-up of bidders vying for <\/strong>the acquisition of Israel\u2019s largest container carrier ZIM<\/strong>, Israeli business news outlet Globes<\/a> reported. The offer is at a preliminary stage, and formal negotiations have not yet begun, the news outlet added.<\/p>\n

But the bid turned heads in Israel due to Saudi and Qatari ownership in HL. <\/strong>\u201cAn acquisition of ZIM by Hapag-Lloyd\u2026 represents a direct danger to the security of the country,\u201d ZIM workers Committee Chairperson Oren Ksafim told Globes. Saudi\u2019s PIF and Qatar Holding together own a combined stake of 22.5% in the German shipping firm. <\/p>\n

Who else is in the mix? <\/strong>Other global shipping majors are already in the mix, with Maersk and MSC Mediterranean Shipping also expressing interest in the Israeli player. The competition to snap up ZIM comes after the board decided to accept acquisition bids following an offer filed by ZIM\u2019s CEO of eight years, Eli Glickman, in partnership with Israeli investor Rami Ungar, the news outlet said. <\/p>\n

ZIM has a current market cap of USD 2.4 bn, and most analysts following the shippers\u2019 <\/strong>stocks view its stock as overvalued <\/strong>\u2014 with three out of the seven observing analysts recommending selling its stocks, three recommending to hold, and just one recommending to buy, Globes reported, citing The Wall Street Journal. <\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS: Hapag-Lloyd makes bid to acquire Israel\u2019s largest shipping company ZIM, but Qatari and Saudi ownership in the German shipping outfit could torpedo the offer<\/p>\n","protected":false},"author":1,"featured_media":90872,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[149],"tags":[148,145,248,37,121,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-aviation","tag-china","tag-ports","tag-rail","tag-shipping-maritime","wpautop","entry"],"acf":{"mongo_id":"98df98b3-cf58-44a9-bec8-b63eecdc1fd2","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/8\/1479.jpg","photo_position":"above","homepage_title":"","full_issue_title":"South Korea\u2019s HD Hyundai to build USD 2 bn shipyard in India","related_issue":[90853],"teaser":"PLUS: Hapag-Lloyd makes bid to acquire Israel\u2019s largest shipping company ZIM, but Qatari and Saudi ownership in the German shipping outfit could torpedo the offer","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/12\/.e8921ea4-b128-4171-9a33-ce7f26b439d7.mp3"},"yoast_head":"\nSouth Korea\u2019s HD Hyundai to build USD 2 bn shipyard in India - 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