HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company for HD Hyundai’s shipbuilding business, said on Monday, July 29, that it recently signed a memorandum of understanding (MOU) with Fraser Industries LLC to cooperate on shipyard modernisation projects aimed at revitalizing the U.S. shipbuilding industry
The signing ceremony, held in Washington, D.C., was attended by President & CEO Kim Hyung-kwan and Technology Advisor Shin Jong-gye of CEO of HD Korea Shipbuilding & Offshore Engineering, CEO Patrick V. Kelly of Fraser Industries, and other executives and officials from both companies.
The agreement marks the first project undertaken by…