Philly Shipyard, Inc. (Philly Shipyard), alongside its parent company Philly Shipyard ASA, and HD Hyundai Heavy Industries Co., Ltd. (HHI), a subsidiary of HD Hyundai Group, have signed a memorandum of understanding (MOU) to delve into potential business opportunities.
Forging a New Path: U.S. Government Shipbuilding Projects
The MOU aims to explore collaborations on future U.S. government shipbuilding projects, as well as maintenance, repair, and overhaul (MRO) endeavours.
Building on a Strong Foundation
This initiative builds upon the longstanding relationship between Philly Shipyard and HD Hyundai, which previously collaborated on the construction of 22 commercial product tankers. HHI, recognized as the world’s largest shipbuilding company, aims to expand its footprint in the global defence market through partnerships with U.S. companies.
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Source: Philly Shipyard
