Independent journal on economy and transport policy
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SHIPYARDS
Joint venture of HD Hyundai and Kiewit to establish a new shipyard in the USA
The construction of both military and commercial ships is planned
Houston/Seul
October 23, 2026
South Korea's HD Hyundai has struck a deal with Kiewit
Maritime Co. of the U.S. engineering and industrial group
Kiewit to Establish Joint Venture HD Kiewit Shipbuilding LLC
which will be active in the shipbuilding sector in the
United States. The agreement provides for the establishment of a new construction site
at an existing industrial site in the Gulf region
of Mexico. Work is scheduled to start in 2027, with
the start of operations at full capacity in 2029. Initial objective
of the initiative will be to acquire orders from both the US Navy
both for the construction of commercial ships as well as for the
Manufacture of ship blocks and modules for shipyards
Americans. According to HD Hyundai and Kiewit, the shipyard is at full capacity
could create up to three thousand jobs.
The two parties highlighted that the joint venture will combine
HD's shipbuilding technology and operational expertise
Hyundai with manufacturing and construction capabilities on
large-scale Kiewit, supported by the experience and facilities
of its subsidiary, Kiewit Offshore Services, with the aim of
create a competitive shipbuilding platform in the United States
United.
The agreement is based on a strategic partnership agreement
signed last July by HD Hyundai and Kiewit Offshore Services
to collaborate in shipbuilding projects
for the US market and other reciprocal areas
interest.
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Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
South Korea's HD Hyundai has struck a deal with Kiewit
Maritime Co. of the U.S. engineering and industrial group
Kiewit to Establish Joint Venture HD Kiewit Shipbuilding LLC
which will be active in the shipbuilding sector in the
United States. The agreement provides for the establishment of a new construction site
at an existing industrial site in the Gulf region
of Mexico. Work is scheduled to start in 2027, with
the start of operations at full capacity in 2029. Initial objective
of the initiative will be to acquire orders from both the US Navy
both for the construction of commercial ships as well as for the
Manufacture of ship blocks and modules for shipyards
Americans. According to HD Hyundai and Kiewit, the shipyard is at full capacity
could create up to three thousand jobs.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
