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HD Hyundai Heavy Industries and Norway's Philly Shipyard signed a memorandum of understanding to collaborate on manufacturing, maintaining, repairing, and overhauling vessels and ships ordered by the US government, the South Korean shipbuilder said Wednesday. The signing ceremony was held at Philly's shipyard in Philadelphia, Pennsylvania, on April 12 -- with key officials from both companies in attendance,...

HD Hyundai Heavy Industries (HHI) and Philly Shipyard agreed to cooperate in the U.S. naval ship market, the HD Hyundai subsidiary said Wednesday, months after the Korean shipbuilder’s chief rival, Hanwha Ocean, indicated its intention to acquire the Philadelphian shipyard.

Philly Shipyard and HD Hyundai Heavy Industries Sign Memorandum of ...

The Korean company and Norwegian-owned American subsidiary have a history of working together.

 South Korea’s HD Heavy Industries is continuing its push to expand its international military work with an announcement that it plans to explore a po...