Meeting with U.S. Trade Representative at APEC
Exploring Ways to Enhance Korea-U.S. Cooperation, Including Smart Production
Kim Heechul, CEO of Hanwha Ocean, met with Jamison Greer, U.S. Trade Representative (USTR), who is visiting Korea, to discuss cooperation plans for the shipbuilding industry between Korea and the United States.
Hanwha Ocean announced that on the 16th, CEO Kim met with Representative Greer at the conference site in Jeju, where Greer was attending the Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting. During the meeting, both sides discussed a wide range of cooperation directions for the shipbuilding industry, including expanding shipbuilding production bases in the United States, technology transfer, and supply chain restructuring. CEO Kim explained plans to apply Hanwha Ocean's smart production system to the Philly Shipyard in the United States and also mentioned the possibility of establishing additional local production bases.
Kim Heechul, CEO of Hanwha Ocean, met with Katherine Tai, U.S. Trade Representative (USTR), who is visiting Jeju on the 16th, to discuss cooperation plans for the shipbuilding industry between Korea and the United States. Hanwha Ocean
Hanwha Ocean entered the U.S. shipbuilding market by acquiring Philly Shipyard in December of last year, and in August of last year, it became the first Korean shipbuilder to win a maintenance, repair, and overhaul (MRO) contract for the U.S. Navy's logistics support ship "USNS Wally Schirra," which was delivered in March. During the maintenance process, additional requirements were identified, leading to a revised contract.
In addition, Hanwha Ocean is in the process of investing to secure a 19.9% stake in Austal, an Australian shipbuilding company, in order to expand its production base in the United States. Austal owns shipbuilding facilities in Mobile, Alabama, San Diego, California, and other locations in the United States.
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