# Who are HD Hyundai Heavy Industries's customers? Who does HD Hyundai Heavy Industries earn revenue from?
Canonical: https://valuechain.wiki/hd-hyundai-heavy-industries · Facet: customers · Updated: 2026-07-12T03:54:59.471+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: HD Hyundai Heavy Industries's confirmed revenue counterparties include 한화오션 (선박용 메인엔진) plus 6 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 7 revenue edges, backed by 5 dated sources, 3 of them primary filings (as of 2026-07-12).

### 글로벌 선주 (상선·가스선·컨테이너선) (high)
- metric: contract 469,900,000,000원 · 컨테이너선 6척(2026.7) · DART supply-contract filing
- note: Shipbuilding (71% of revenue): merchant, high-value gas and container ships. 2026 disclosures: 6 container ships at KRW 469.9bn (a Middle East owner, 2.67% of revenue) and KRW 392.2bn (an Oceania owner, 2.23%).
- [confirms] FSS DART (KO, filing, published 2026-07-09) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260709800137: "Contract '6 container ships', KRW 469.9bn, 2.67% of revenue, counterparty 'a Middle East owner'."
- [confirms] FSS DART (KO, filing, published 2026-03-20) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260320000859: "Shipbuilding is 71% of revenue: merchant, gas, container ships and warships."

### 미 해군 (함정 MRO) (high)
- note: Back-to-back US 7th Fleet supply-ship MRO wins: USNS Cesar Chavez (Jan 2026) then the 41,000t USNS Richard E. Byrd within three months; the two Korean yards' four 2026 awards already triple last year's pace.
- [confirms] E-Today (KO, news, published 2026-04-19) https://www.etoday.co.kr/news/view/2576978: "HD Hyundai won the USNS Byrd overhaul three months after the Chavez job; four awards across the two yards this year."

### 글로벌 선주 (LNG·컨테이너선) (high)
- note: The world's largest shipyard, with a supercycle backlog of LNG carriers and mega-boxships.
- [mentions] E-Today (KO, news, published 2026-04-19) https://www.etoday.co.kr/news/view/2576978: "HD Hyundai expanding its naval business."

### 조선소·발전사 (힘센엔진·대형 선박엔진) (high)
- note: Engine & Machinery (22% of revenue): large engines, its own HiMSEN engines and land power gensets, supplied to shipyards and utilities worldwide - including main engines to other yards like Hanwha Ocean.
- [confirms] FSS DART (KO, filing, published 2026-03-20) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260320000859: "Engine & Machinery is 22% of revenue: large engines, HiMSEN, land gensets."

### 페루·인도 해군 (함정·잠수함 수출) (high)
- note: Won 4 warships from Peru's state SIMA yard and signed a next-gen submarine co-development contract; MOU with India's Cochin Shipyard for an Indian Navy landing ship. Domestic naval ships are also part of the shipbuilding segment.
- [confirms] FSS DART (KO, filing, published 2026-03-20) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260320000859: "4 warships from Peru's SIMA, a next-gen submarine co-development contract, and an India Cochin Shipyard MOU."
- [mentions] Naval News (EN, news, published 2025-11-01) https://www.navalnews.com/naval-news/2025/peru-sima-hd-hyundai: "Peru's SIMA and HD Hyundai co-develop submarines and warships."

### HD한국조선해양 (최대주주) (high)  → /hd-korea-shipbuilding-offshore-engineering.md
- note: Spun off from Hyundai Heavy Industries by physical division in June 2019; its largest shareholder is HD Korea Shipbuilding (the shipbuilding intermediate holding), unchanged since.
- [confirms] FSS DART (KO, filing, published 2026-03-20) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260320000859: "Spun off by physical division June 2019; largest shareholder HD Korea Shipbuilding, unchanged."

### 한화오션 (선박용 메인엔진) (mid)  → /hanwha-ocean.md
- note: Named as a marine-engine supplier in Hanwha Ocean's annual report.
- [confirms] FSS DART (KO, filing, published 2026-03-11) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260311004557: "HD Hyundai Heavy named as an engine supplier to Hanwha Ocean."

### 미 해군 (군수지원함 MRO) (mid)
- note: Back-to-back US 7th Fleet supply-ship MRO wins (USNS Cesar Chavez, USNS Richard E. Byrd), expanding US naval work from MRO.
- [mentions] Naval News (EN, news, published 2025-11-01) https://www.navalnews.com/naval-news/2025/peru-sima-hd-hyundai: "HD Hyundai wins US Navy supply-ship MRO."

Reverse side: https://valuechain.wiki/hd-hyundai-heavy-industries/suppliers.md · Ripple: https://valuechain.wiki/hd-hyundai-heavy-industries/ripple.md

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