HD Hyundai, Kiewit to form JV to build shipyard in U.S.

SEOUL, Oct. 23 (Yonhap) -- South Korean shipbuilding giant HD Hyundai Co. said F...

Yonhap NewsKim Eun-jung2026-10-23 10:27查看原文 ↗

Officials of South Korean shipbuilding giant HD Hyundai Co. and U.S. engineering and construction company Kiewit attend a signing ceremony for a new joint venture, HD-Kiewit Shipbuilding LLC, in Houston, the United States, on Oct. 22, 2026, in this photo provided by HD Hyundai. (PHOTO NOT FOR SALE) (Yonhap)

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SEOUL, Oct. 23 (Yonhap) -- South Korean shipbuilding giant HD Hyundai Co. said Friday it will establish a joint venture with U.S. engineering and construction company Kiewit to build a new shipyard in the United States.

HD Hyundai and Kiewit signed an agreement in Houston on Thursday (local time) to establish the joint venture, tentatively named HD-Kiewit Shipbuilding LLC.

Officials of South Korean shipbuilding giant HD Hyundai Co. and U.S. engineering and construction company Kiewit attend a signing ceremony for a new joint venture, HD-Kiewit Shipbuilding LLC, in Houston, the United States, on Oct. 22, 2026, in this photo provided by HD Hyundai. (PHOTO NOT FOR SALE) (Yonhap)

The joint venture plans to begin construction of the shipyard next year, with full-scale operations targeted for 2029.

Under the partnership, HD Hyundai will provide shipbuilding technology and production expertise, while Kiewit will leverage its engineering and construction capabilities to support the development of the facility.

HD Hyundai said the project is significant as it involves building a new shipyard rather than upgrading an existing facility, a move expected to help expand U.S. shipbuilding capacity and strengthen domestic supply chains.

The joint venture will explore business opportunities in U.S. Navy logistics support vessels and commercial ships, while also considering the production and supply of ship blocks and modules to U.S. shipyards.

The two companies also plan to expand their cooperation into port infrastructure development.

HD Hyundai said it expects the joint venture to mark an important milestone in strengthening its position as a strategic partner to the U.S. shipbuilding industry, vowing to contribute to expanding shipbuilding cooperation between the two nations.

"Together with HD Hyundai's world-class shipbuilding expertise, we see an opportunity to build a modern shipyard that expands U.S. shipbuilding capacity, develops a skilled workforce and strengthens the domestic supply chain," Chad Johnson, Kiewit Maritime Co. president, said in a release.

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首尔，10 月 23 日（韩联社）——韩国造船巨头 HD Hyundai 公司周五表示，将与美国工程建设公司 Kiewit 成立一家合资企业，在美国建造一座新的造船厂。

HD Hyundai 和 Kiewit 于周四（当地时间）在休斯顿签署协议，成立合资企业，暂定名为 HD-Kiewit Shipbuilding LLC。

2026年10月22日，韩国造船巨头HD Hyundai公司和美国工程建设公司Kiewit的官员在美国休斯顿出席了新合资企业HD-Kiewit Shipbuilding LLC的签约仪式。（此照片由HD Hyundai提供。）（照片非卖品）（韩联社）

该合资企业计划明年开始建造造船厂，目标是在 2029 年全面投入运营。

根据合作协议，HD Hyundai 将提供造船技术和生产专业知识，而 Kiewit 将利用其工程和建造能力来支持该设施的开发。