Close Menu
Simply Invest Asia
  • Home
  • Industries
  • Investment
  • Money
  • Precious Metals
  • Property
  • Stock & Shares
  • Trading
What's Hot

Income Tax Impact of Selling Precious Metals and Numismatics

March 7, 2026

High-Frequency Trading: HFT in Modern Crypto Trading

March 7, 2026

Martin Lewis explains how to get much better return on savings

March 7, 2026
Facebook X (Twitter) Instagram
Trending
  • Income Tax Impact of Selling Precious Metals and Numismatics
  • High-Frequency Trading: HFT in Modern Crypto Trading
  • Martin Lewis explains how to get much better return on savings
  • Costco’s Strong Growth Continues. But Is the Stock Too Expensive?
  • Platinum deficit set to continue for 4th yr; shortage may shrink 75%
  • Boost tax-free Personal Allowance for savings with HMRC pension rule | Personal Finance | Finance
  • Best savings accounts as lenders cut rates
  • Arbitrage Trading: Profiting from Crypto Price Differences
Facebook X (Twitter) Instagram YouTube
Simply Invest Asia
  • Home
  • Industries
  • Investment
  • Money
  • Precious Metals
  • Property
  • Stock & Shares
  • Trading
Simply Invest Asia
Home»Industries»HII and HD HHI ink agreement on shipbuilding
Industries

HII and HD HHI ink agreement on shipbuilding

By LucasOctober 27, 20254 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


HII and HD Hyundai Heavy Industries (HHI), two of the world’s leading shipbuilders, signed a memorandum of agreement (MOA) at the Asia-Pacific Economic Cooperation (APEC) 2025 forum to advance the objectives of the shipbuilding dialogue between the United States and Republic of Korea.

HII press release

The signing event was attended by Joo Won-ho, president of the Naval & Special Ship Business Unit at HHI, and Eric Chewning, HII’s executive vice president of maritime systems and corporate strategy.

“This marks the beginning of deeper collaboration between not only our companies, but each of our countries, that will support enduring changes to military and commercial shipbuilding in America,” Chewning said. “We look forward to working collaboratively with HHI, the U.S. and South Korean governments, and with our customers to transform the U.S. shipbuilding industrial base and enable accelerated throughput in our shipyards.”

This MOA builds on previous collaboration between the two companies and expands strategic engagement around four key priorities:

  • Strengthen and expand the U.S. shipbuilding industrial base through the exploration of joint investments in distributed shipbuilding and flexible ship construction.
  • Pursue strategic teaming opportunities for Navy auxiliary shipbuilding programs leveraging the combined expertise of both companies.
  • Collaborate on engineering, research & development and technology implementation best practices in areas such as AI/ML, robotics and automation.
  • Strengthen U.S. Navy Indo-Pacific in-theater ship lifecycle support.
HII and HD HHI ink agreement on shipbuildingHII and HD HHI ink agreement on shipbuilding
On Sunday, Oct. 26, HD Hyundai and HII signed a memorandum of agreement (MOA) on cooperation for the construction of commercial and naval vessels at the Lahan Select Hotel in Gyeongju, South Korea — the planned venue for APEC 2025. The signing ceremony was attended by Joo Won-ho, President of HD Hyundai Heavy Industries’ Naval & Special Ship Business Unit, and Eric Chewning, Executive Vice President of Maritime Systems and Corporate Strategy at HII. (third and fourth from the left in the photo).

Demonstrating the strong pace of collaboration, in early October, the two companies agreed to jointly pursue the U.S. Navy’s next-generation logistics ship (NGLS) design contract. Leveraging HII’s complex shipbuilding experience and HHI’s expertise with proven designs in use with the Royal New Zealand and South Korean navies, the two companies will team to respond to the U.S. Navy’s recent request for proposal (RFP) for the concept design phase of the NGLS program.

“Through joint participation in U.S. Navy procurement programs and investments aimed at establishing ship production bases in the United States, the two nations’ key industries are taking a major step toward deeper strategic collaboration,” HHI President Joo Won-ho said. “We are confident that this partnership will generate powerful synergies by combining Korea’s cutting-edge shipbuilding technologies with the U.S. defense sector’s strong market competitiveness.”

HHI has a strong track record in this field, having delivered its first auxiliary vessel, HMNZS Endeavour, to New Zealand in 1987, followed by the HMNZS Aotearoa in 2020. The company has also supplied the Republic of Korea Navy with three Cheonji-class and one Soyang-class auxiliary ships, demonstrating its proven competitiveness.

Eric Chewning will be delivering a keynote speech on “Strategic Collaboration Between the U.S. and Korea in Shipbuilding” at the Future Tech Forum hosted by HD Hyundai on October 27 as part of the APEC CEO Summit Korea 2025. He is expected to highlight the achievements of the partnership between the two companies and outline the future direction of bilateral cooperation in the shipbuilding sector.

Earlier in April, HHI signed an MOU with HII to share best practices to improve cost efficiency and shorten construction schedules as well as explore opportunities to expand U.S. shipbuilding capacity in support of national security. In early October, executives and technical staff from HHI’s Naval & Special Ship Business Unit visited HII’s Ingalls Shipbuilding yard in Mississippi to strengthen the collaboration and to support future shipbuilding initiatives. In September, HHI began a regular overhaul of the 41,000-ton fleet dry cargo and ammunition ship, USNS Alan Shepard, assigned to the U.S. Navy’s 7th Fleet, further strengthening cooperation between HHI and the United States in the shipbuilding sector.



Source link

Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

Related Posts

Invoking emergency powers, India asks oil refiners to ramp up LPG output

March 7, 2026

UK Lords warn of AI impact on creative industries

March 7, 2026

Government’s AI copyright reforms set for delay after backlash from creative industries

March 6, 2026
Leave A Reply Cancel Reply

Our Picks

S&P raises Reliance Industries to ‘A-‘ on stronger cash flow stability, outlook stable

December 4, 2025

Five market timing secrets for futures traders [Video]

October 20, 2025

Qatar Chamber Gold Committee discusses facilities for importing precious metals

December 3, 2025

Many Dutch consumers pay extra for product insurance they already have

March 2, 2026
Don't Miss
Precious Metals

Income Tax Impact of Selling Precious Metals and Numismatics

By LucasMarch 7, 2026

Image: AdobeStock If you sold precious metals, rare coins, or currency in 2025, there is…

High-Frequency Trading: HFT in Modern Crypto Trading

March 7, 2026

Martin Lewis explains how to get much better return on savings

March 7, 2026

Costco’s Strong Growth Continues. But Is the Stock Too Expensive?

March 7, 2026
Our Picks

‘Two-hour queues, utter chaos’: Readers share experiences of new EU entry system | Money blog | Money News

February 19, 2026

Zelensky’s drone attacks on oil refineries causes Russian fossil fuel exports to drop to lowest point during Ukraine war

October 18, 2025

Powys manufacturer Invertek Drives wins King’s Award

October 23, 2025
Weekly Pick's

Paultons Park reveals opening date of mega new Viking land with rollercoaster and ‘feasting hall’

October 29, 2025

Massive Wildfire Liabilities Push Utilities to Use AI to Stop Blazes

November 26, 2025

Blackstone’s alternative narratives

November 9, 2025
Monthly Featured

New graph shows soaring demand for gold as it hits record price

January 26, 2026

What is ground rent and how are leasehold rules changing?

February 8, 2026

Bulgaria moves to prevent shutdown of its only oil refinery ahead of US sanctions

November 8, 2025
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
© 2026 Simply Invest Asia.

Type above and press Enter to search. Press Esc to cancel.