Latest Shipyard News & Updates

Hyundai to Establish Joint Shipyard with Indian Entities

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New Delhi/Seoul, April 21 (IANS) HD Hyundai, South Korea’s leading shipbuilding conglomerate, said on Tuesday it has forged a partnership with Indian government-backed entities to establish a joint shipyard in India.HD Hyundai said it signed a memorandum of understanding (MOU) with NSHIP TN and Sagarmala Finance Corporation Ltd. (SMFCL) of India in New Delhi on Monday (local time) to cooperate in building a joint venture shipbuilding company, reports Yonhap News Agency.NSHIP TN (National Shipbui…