19 hours ago
South Korea shipbuilders catch rising tide of US Navy business
Hanwha Ocean executives and U.S. Navy officials observe maintenance on the USNS Wally Schirra in October. (Hanhwa Ocean)
NAMI MATSUURA
SEOUL -- South Korea's shipbuilders are wining U.S. deals with government encouragement, aiming to chip away at China's global dominance by leveraging the alliance between Washington and Seoul as well as the Trump administration's push to revive the American industry.
HD Hyundai Heavy Industries, South Korea's largest shipbuilder, last month announced a partnership with a company in the U.S.-based Edison Chouest Offshore group. The companies plan to build container ships that can run partly on liquefied natural gas, hoping to begin deliveries by 2028.
