eMARINE Global has secured a contract from Hyundai Global Service to supply the company’s Marine Internet-of-Things (IoT) platform for more than 1,000 operating ships.
Under the terms of the three-year contract, eMarine Global’s newly developed Marine IoT platform will enable Hyundai to remotely monitor the real-time operation of its ships.
Hyundai will use the platform to access the required data to drive proactive and pre-emptive repair and maintenance decisions.
eMarine Global chairman and CEO Ung Gyu Kim said: “This is another major win for eMarine Global and our role in the Fourth Industrial Revolution.
“Having our innovative and proprietary technology retrofitted into more than 1,000 vessels currently in operation places us in an ideal position for long-term success and market leadership.”
The company has secured contracts from Hyundai to develop smart-ship solutions, including voyage optimisation, engine status monitoring and remote supervision for its new-build vessels.
Ung Gyu Kim added: “We are pleased to see positive progress in merger negotiations between Hyundai Heavy Industries and Daewoo, the number one and two largest shipbuilders globally.
“We very much look forward to a potential opportunity to extend our technology implementations to Daewoo’s sizeable fleet.”
Hyundai Global Service is a spin-off of Hyundai Heavy Industries.
eMARINE Global is currently offering e-navigation, marine IoT, and marine big data solutions, primarily in Korea and plans to expand in the US and Chinese markets.
The company’s customer base includes Hyundai Heavy Industries, Samsung Heavy Industries, and SAAB.