“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,” HII executive Eric Chewning said in the announcement.| Breaking Defense
South Korean shipping firm HMM said it had decided to place orders for 12 LNG dual-fuel container vessels and two very large crude carriers.| LNG Prime
South Korea's HD Hyundai Heavy Industries, the world's biggest shipbuilder, said on Wednesday that it plans to merge with its affiliate HD Hyundai Mipo as it targets a bigger slice of the U.S. shipbuilding market.| gCaptain
Cerberus Capital Management and HD Hyundai announced today a strategic partnership to launch Cerberus Maritime, a new investment strategy aimed at rebuilding the United States’ maritime industrial base. The partnership...| gCaptain
New, Value Added, Eco-Friendly Ships. Shipbuilding exports are taking the lead in Korea’s exports in the first half of the year. During this span, Korea’s exports rose 11.9% year on year. The Korean shipbuilding industry secured four years’ worth of work through the end of the first half of this year. This is the largest order backlog in 12 years. The global ship price index is also at its highest since 2008.| The Maritime Review
