HD Hyundai and Kiewit to Build US Shipyard

HD Hyundai has signed an agreement with Kiewit to construct an advanced US shipyard starting in 2027. The project aims to boost local shipbuilding capacity and create approximately 3000 jobs by 2029.

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FILE PHOTO: A general view shows HD Hyundai Heavy Industries Ulsan Shipyard in Ulsan, South Korea, December 29, 2023. HD Hyundai Heavy Industries/Handout via REUTERS

HD HYUNDAI signed an agreement with Kiewit Corp to build an advanced shipyard in the United States, creating 3,000 domestic jobs by 2029. The partnership aims to revive American shipbuilding capacity through a joint venture starting construction in 2027. This initiative follows South Korea's $150 billion investment pledge tied to past tariff negotiations.

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