HD Hyundai Co., Ltd., a Korean conglomerate, and Kiewit Offshore Services Ltd. announced a strategic partnership on Friday to collaborate on U.S. shipbuilding projects and other areas of mutual strategic interest.
The agreement was signed on July 16 at Kiewit Offshore Services’ headquarters in Ingleside, Texas.
The companies will jointly pursue U.S. shipbuilding opportunities, including the fabrication of ship blocks and modules.
The partnership combines HD Hyundai’s expertise in ship design, advanced manufacturing, procurement, and shipbuilding technology with Kiewit’s strengths in large‑scale fabrication, construction, engineering, procurement, and EPC project execution.
On Thursday, HD Hyundai Co.’s shares closed 2% higher at KRW 204,500 on the Korean Stock Exchange.
