Hyundai Heavy Industries to build Big Data platform with Palantir Technologies

Hyundai Heavy Industries (HHI) Group has agreed a deal with American data analytics company Palantir Technologies to work together in building a new Big Data platform for the Group’s core businesses, including shipbuilding and offshore engineering.

The two parties will also examine the possibility of establishing a joint venture to commercialise the Big Data platform as a business in the mid- to long-term.

Hyundai Heavy Industries, the shipbuilding arm of the Group, is currently working on a ‘Future of Shipyard (FOS)’ project to transform itself into a ‘smart shipyard’ by 2030. All processes from design to production will be connected in real time under these plans, supported by the new Big Data platform.

Ki-Sun Chung, CEO of Hyundai Heavy Industries Holdings, said, “We expect that this partnership with Palantir Technologies will substantially improve the competitiveness of core businesses of the Group. It will be an important turning point in innovation of organisational culture that changes the way we work using data.”

The deal was signed at the Consumer Electronics Show (CES) in Las Vegas, where HHI is exhibiting its new Avikus autonomous navigation technology, alongside its latest robotics systems and other innovations for the future of its shipbuilding and offshore engineering businesses.

“Avikus plans to have the world’s first self-driving, massive-scale transoceanic voyage by the first quarter of this year. Our mission is to enable fully autonomous navigation to create the safest and most intelligent ships,” said Hyo-Gyeong Joo, Engineer for Avikus.

HHI has also signed an MOU with classification society ABS to obtain Approval in Principle (AIP) for the implementation of Avikus’ autonomous ship technologies, which will see the two companies begin stage-by-stage demonstration tests on various systems.

These will include the Hyundai Intelligent Navigation Assistant System (HiNAS): Hyundai Intelligence Berthing Assistance System (HiBAS): and Hyundai Intelligent Navigation Assistant System 2.0 (HiNAS2.0), which will all be examined to assesses compliance with the ABS Guide for Autonomous and Remote Control Functions published in July 2021.

“Autonomous vessels will have a significant role to play in the future of maritime transportation but they will need to be at least as safe as existing vessels,” said John McDonald, ABS Executive Vice President and Chief Operating Officer.

“It will take extensive research and development activity, teamwork and sharing of expertise among the leading maritime players to get us there. That’s why this agreement is a game changer, as it unites ABS’ insight with HHI’s expertise to develop practical applications of the technology.”

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Rob O'Dwyer

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