Signed MOU with 9 Domestic and International Companies
Expanding Business through Engineering and Services
On the 11th, HD Hyundai Heavy Industries signed a 'Ship MRO Business Memorandum of Understanding (MOU)' with nine domestic and international companies related to ship maintenance, repair, and overhaul (MRO) at the Talent Education Center in Dong-gu, Ulsan.
The signing ceremony was attended by Joo Won-ho, Head of HD Hyundai Heavy Industries' Special Ship Business, representatives from the American Bureau of Shipping (ABS), as well as officials from Seonjin Entec, HSG Seongdong Shipbuilding, B&F Technology, TMG Comprehensive Engineering, KR Engineering, Youngchang Heavy Industries, Hi-Air Korea Service, and Sesco.
Through this agreement, HD Hyundai Heavy Industries plans to expand its ship business, which has been focused on construction, into engineering and service businesses by collaborating with companies possessing specialized capabilities in key areas of the ship MRO business, such as maintenance specialists, mid-sized shipyards, and companies specializing in maintenance infrastructure development, thereby further strengthening its competitiveness in securing orders.
In particular, the scope of business will be expanded from parts supply and maintenance support to include modernization of maintenance facilities and construction of floating docks as part of maintenance infrastructure development projects.
Additionally, by combining HD Hyundai Heavy Industries' excellent maintenance technology with B&F Technology's artificial intelligence (AI) predictive maintenance solutions, effective ship management and rapid initial response will be supported. Applying Sesco's healthcare services to ships is also expected to greatly contribute to crew health improvement and enhanced combat readiness.
HD Hyundai Heavy Industries aims to secure a foothold in the U.S. Navy ship MRO market, which operates a large fleet, by strengthening inspection and certification cooperation systems with the American Bureau of Shipping (ABS).
CEO Joo Won-ho stated, "We will build cooperative relationships to grow alongside excellent companies with the best competitiveness in the domestic and international ship MRO business sector, and grow into a global leading company not only in new shipbuilding but also in the MRO business."
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