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Philly Shipyard and HD Hyundai Heavy Industries have signed a memorandum of understanding (MOU) to explore potential business relationships in U.S. government shipbuilding projects and maintenance, repair, and overhaul (MRO) projects. The MOU signifies a continuation of their successful partnership in the past for commercial product tankers. The collaboration aims to expand HHI's presence in the global defense market through cooperation with US companies.
Philly Shipyard e HD Hyundai Heavy Industries hanno firmato un memorandum d'intesa (MOU) per esplorare potenziali relazioni commerciali nei progetti di costruzione navale e di manutenzione, riparazione e revisione (MRO) per il governo degli Stati Uniti. Il MOU rappresenta la continuazione della loro partnership di successo in passato per i tanker commerciali. La collaborazione ha l'obiettivo di espandere la presenza di HHI nel mercato della difesa globale attraverso la cooperazione con aziende statunitensi.
Philly Shipyard y HD Hyundai Heavy Industries han firmado un memorando de entendimiento (MOU) para explorar potenciales relaciones comerciales en proyectos de construcción naval y de mantenimiento, reparación y revisión (MRO) para el gobierno de EE. UU. El MOU significa la continuación de su exitosa asociación anterior en tanqueros de productos comerciales. La colaboración busca expandir la presencia de HHI en el mercado de defensa global mediante la cooperación con empresas estadounidenses.
필리 조선소와 HD 현대중공업은 미국 정부의 조선 프로젝트 및 유지보수, 수리, 오버홀(MRO) 프로젝트에서 잠재적인 비즈니스 관계를 모색하기 위해 양해각서(MOU)를 체결했습니다. 이 MOU는 과거 상업용 제품 탱커를 위한 그들의 성공적인 파트너십을 지속하는 것을 의미합니다. 협력은 미국 회사와의 협력을 통해 HHI의 글로벌 방위 시장에서의 존재를 확대하는 것을 목표로 합니다.
Philly Shipyard et HD Hyundai Heavy Industries ont signé un mémorandum d'entente (MOU) pour explorer de potentielles relations commerciales dans les projets de construction navale et de maintenance, de réparation et de révision (MRO) pour le gouvernement américain. Le MOU signifie la continuation de leur partenariat réussi dans le passé pour des tankers de produits commerciaux. La collaboration vise à étendre la présence de HHI sur le marché mondial de la défense en coopérant avec des entreprises américaines.
Philly Shipyard und HD Hyundai Heavy Industries haben ein Memorandum of Understanding (MOU) unterzeichnet, um mögliche Geschäftsbeziehungen in US-Regierungsprojekten für Schiffbau sowie Instandhaltung, Reparatur und Überholung (MRO) zu erforschen. Das MOU signalisiert die Fortsetzung ihrer erfolgreichen Partnerschaft in der Vergangenheit bei kommerziellen Produktentankern. Die Zusammenarbeit zielt darauf ab, die Präsenz von HHI auf dem globalen Verteidigungsmarkt durch Kooperationen mit US-Unternehmen zu erweitern.
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PHILADELPHIA, PA / ACCESSWIRE / April 24, 2024 / Philly Shipyard, Inc. ("Philly Shipyard"), the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), and HD Hyundai Heavy Industries Co., Ltd. ("HHI"), a subsidiary of HD Hyundai Group, signed a memorandum of understanding (MOU) to explore a potential business relationship relating to future U.S. government shipbuilding projects as well as maintenance, repair and overhaul (MRO) projects.
The MOU was signed during a visit from HHI to Philly Shipyard on April 12, 2024 and was attended by officials from both companies, including Dr. Won ho Joo, Chief Executive of Naval and Special Ship Business Unit of HHI, and Mr. Steinar Nerbovik, President & CEO, Mr. Dean Grabelle, Senior Vice President & General Counsel, and Mr. Thomas Grunwald, Senior Vice President, of Philly Shipyard.
Steinar Nerbovik, President & CEO of Philly Shipyard, remarked "Philly Shipyard and HD Hyundai have a long and gratifying history of working together, and we are honored by the idea of future cooperation with HHI on opportunities for U.S. government shipbuilding projects."
"We look forward to further growing HHI's presence in the global defense market through collaboration with US companies in government and military vessels building and MRO business," said Dr. Won ho Joo, Chief Executive of Naval and Special Ship Business Unit of HHI.
Philly Shipyard previously partnered with HD Hyundai for design and procurement support during construction of 22 commercial product tankers from the years 2005 - 2017. HHI is the world's largest shipbuilding company and a world leader in the heavy industries sector.
About Philly Shipyard
Philly Shipyard, Inc. (PSI) is a leading U.S. shipbuilder that is presently pursuing a mix of commercial and government work. It possesses a state-of-the-art shipbuilding facility and has earned a reputation as a preferred provider of oceangoing merchant vessels with a track record of delivering quality ships, having delivered around 50% of all large ocean-going Jones Act commercial ships since 2000. PSI is the sole operating subsidiary of Philly Shipyard ASA. Philly Shipyard ASA is listed on the Euronext Expand Oslo (Oslo: PHLY) and is majority-owned by Aker Capital AS, which in turn is wholly-owned by Aker ASA (Aker). Aker is an industrial investment company that exercises active ownership to create value. Aker has ownership interests in oil and gas, renewable energy and green technologies, maritime assets, marine biotechnology and industrial software, and its portfolio includes companies like Aker BP, Aker Horizons, Aker BioMarine, Cognite, and Aker Solutions.
What is the significance of the memorandum of understanding (MOU) signed between Philly Shipyard and HD Hyundai Heavy Industries?
The MOU aims to explore potential business relationships in U.S. government shipbuilding projects and maintenance, repair, and overhaul (MRO) projects.
Who are the key officials involved in the signing of the MOU between Philly Shipyard and HD Hyundai Heavy Industries?
The MOU was attended by officials from both companies, including Dr. Won ho Joo, Chief Executive of Naval and Special Ship Business Unit of HHI, and Mr. Steinar Nerbovik, President & CEO of Philly Shipyard.
What is the background of the partnership between Philly Shipyard and HD Hyundai Heavy Industries?
Philly Shipyard previously partnered with HD Hyundai for design and procurement support during the construction of 22 commercial product tankers from 2005 to 2017.
Who is the world's largest shipbuilding company involved in this memorandum of understanding (MOU)?
HHI, a subsidiary of HD Hyundai Group, is the world's largest shipbuilding company and a world leader in the heavy industries sector.
