HJ Shipbuilding set to take over HD Hyundai’s Gunsan yard

AI Summary

HD Hyundai Heavy Industries has agreed to sell its Gunsan shipyard to HJ Shipbuilding & Construction (HJSC), enabling the Busan-based yard to expand into larger vessel types. The deal was formalized via a memorandum of understanding filed by HD Korea Shipbuilding & Offshore Engineering. This transaction represents a significant consolidation move in South Korea's competitive shipbuilding sector.

South Korean shipbuilder HD Hyundai Heavy Industries has agreed to sell its Gunsan shipyard to HJ Shipbuilding & Construction (HJSC) in a move that could open the door for the Busan-based yard to build larger vessel types. According to a filing by HD Korea Shipbuilding & Offshore Engineering, the companies have signed a memorandum of …