HD Korea Shipbuilding & Offshore Engineering (HD KSOE) President and Chief Executive Officer Kim Hyung-kwan, left, poses with Fraser Industries LLC CEO Patrick V. Kelly in Washington, D.C., July 23, after signing a memorandum of understanding (MOU) on shipyard modernization. Courtesy of HD Korea Shipbuilding & Offshore Engineering
HD Korea Shipbuilding & Offshore Engineering (HD KSOE) said Thursday it has signed a memorandum of understanding (MOU) with a U.S. company to help revitalize the U.S. shipbuilding industry under Seoul's "Make American Shipbuilding Great Again" (MASGA) initiative.
HD KSOE and Fraser Industries LLC recently inked the agreement in Washington to provide an integrated package of shipyard design and construction expertise, operational systems and data management capabilities, the companies said in a press release.
Fraser Industries said the partnership would serve as an important starting point for revitalizing the U.S. shipbuilding industry, according to the release.
"We plan to provide the know-how needed from shipyard design through operations to support Fraser Shipyards in becoming a hub for rebuilding the U.S. shipbuilding industry," HD KSOE President and Chief Executive Officer Kim Hyung-kwan also said.
