HD Hyundai to build US shipyard with Kiewit, create 3,000 jobs
HD Hyundai Co and Kiewit Corp have signed a deal to build an advanced US shipyard, creating 3,000 domestic jobs by 2029. The shipyard is expected to boost US shipbuilding capacity and revive the industry. South Korea pledged $150 billion in investment to the US shipbuilding sector in return for tariff cuts. The construction of the shipyard will commence in 2027, and a joint venture will be established to explore opportunities in commercial ships, military support vessels, and supplying ship blocks and modules to US shipyards.
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Also reported by 6 other outlets
- HD Hyundai to build US shipyard with Kiewit, create 3,000 jobs brecorder.com
- HD Hyundai to build US shipyard with Kiewit, create 3,000 jobs nst.com.my
- HD Hyundai, Kiewit to form JV to build shipyard in US koreatimes.co.kr
- HD Hyundai to build US shipyard with Kiewit, create 3,000 jobs investing.com
- HD Hyundai, Kiewit to form JV to build shipyard in U.S. en.yna.co.kr
- HD Hyundai to build US shipyard with Kiewit, create 3,000 jobs channelnewsasia.com
