US Advances Shipyard Modernisation Project With AI And Robotics To Revive Shipbuilding Industry

HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company for HD Hyundai’s shipbuilding business, said on Monday, July 29, that it recently signed a memorandum of understanding (MOU) with Fraser Industries LLC to cooperate on shipyard modernisation projects aimed at revitalizing the U.S. shipbuilding industry

The signing ceremony, held in Washington, D.C., was attended by President & CEO Kim Hyung-kwan and Technology Advisor Shin Jong-gye of CEO of HD Korea Shipbuilding & Offshore Engineering, CEO Patrick V. Kelly of Fraser Industries, and other executives and officials from both companies.

The agreement marks the first project undertaken by HD Korea Shipbuilding & Offshore Engineering since the company added “development and supply of digital engineering and manufacturing platforms” to its business objectives in March and designated comprehensive shipyard construction solutions as a future growth driver.

Under the agreement, the two companies plan to collaborate across the entire shipyard lifecycle, from construction to operations, including shipyard assessments and solution development;