South Korean shipbuilding giant HD Hyundai is joining forces with Cochin Shipyard, India’s largest state-owned shipyard, to strengthen its influence in the Indian and global markets. HD Korea Shipbuilding & Offshore Engineering,
Photo: Cochin Shipyard
South Korean shipbuilding giant HD Hyundai is joining forces with Cochin Shipyard, India’s largest state-owned shipyard, to strengthen its influence in the Indian and global markets.
HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company overseeing HD Hyundai’s shipbuilding operations, announced on Sunday, that it has signed a comprehensive Memorandum of Understanding (MOU) with Cochin Shipyard Limited (CSL) to establish long-term cooperation in the shipbuilding sector.
CSL, in which the Indian government holds a 67.91% stake has its main yard located in Kochi in the southern Indian state of Kerala. The company has extensive capabilities in the design, construction, and repair of a wide range of vessels, from commercial ships to aircraft carriers. Over the past five years, CSL has successfully delivered a total of 70 vessels, including 60 small commercial ships and 10 naval vessels.
Under the agreement, the two companies will pursue strategic cooperation across a range of areas, including design and procurement support
Content Original Link:
" target="_blank">
