HD Korea Shipbuilding ends Cochin JV talks, pursues technical collaboration
HD Hyundai’s institutional sector shipbuilding intermediate holding company HD Korea Shipbuilding & Offshore Engineering said on the 21st that it has halted a review to establish a joint venture with Cochin Shipyard Limited for the production of ship blocks. HD Korea Shipbuilding & Offshore Engineering disclosed that “after signing a comprehensive memorandum of understanding (MOU) ...
On the 21st, HD Korea Shipbuilding & Offshore Engineering announced that it has ceased reviewing the establishment of a joint venture with Cochin Shipyard Limited for the production of ship blocks. After signing a comprehensive memorandum of understanding (MOU) in July last year, the two companies engaged in discussions about various business collaborations. However, they ultimately decided to halt the review of constructing a new block fabrication plant together.
The two entities had been discussing plans to build a block fabrication plant near Cochin Shipyard Limited. HD Korea Shipbuilding & Offshore Engineering revealed that they will continue their technical business collaboration with Cochin Shipyard Limited. They plan to maintain cooperation in design and procurement support, including supplying key equipment such as engines for small container carriers. This support will be provided to both Cochin Shipyard Limited and a French shipping company.
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