Park Yong-yeol, right, head of the Naval Ship Division at HD Hyundai Heavy Industries, and James Davies, CEO of Davie Shipbuilding, pose during Park's visit to Davie Shipbuilding’s Ottawa office, Tuesday (local time). Courtesy of HD Hyundai Heavy Industries
Major shipbuilder HD Hyundai Heavy Industries has cemented its ties with key shipyards in Canada as the Korean firm's consortium seeks to win Canada's $40 billion submarine construction project.
The company said Thursday that Park Yong-yeol, head of its Naval Ship Division, met with Davie Shipbuilding CEO James Davies at the Canadian firm's office in Ottawa, Ontario. Established in the early 1900s, Davie Shipbuilding is Canada’s largest shipbuilder, with a portfolio ranging from icebreakers to maritime plants and combat support ships.
HD Hyundai Heavy Industries said Park and Davies discussed how collaboration between the two companies can improve the Canadian shipbuilding sector. The Korean firm said that potential cooperation with Davie Shipbuilding, which has a subsidiary shipyard in Helsinki, will be able to use the Finnish operation to expand the pair’s global markets to the northern hemisphere.
HD Hyundai Heavy Industries, which is jointly pursuing Canada’s submarine project with Hanwha Ocean under a consortium, proposed a supplementary business package worth trillions of won to the Canadian government in January on the sidelines of the bidding process.
