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South Korea is launching two Korea-U.S. shipbuilding cooperation centers, led by KRISO
The goal is to improve U.S. shipyard productivity and workforce training
Companies that could benefit:
HD Korea Shipbuilding & Offshore Engineering |
$009540: Expected to participate in training U.S. workers
Hanwha Ocean | $042660
Directly involved in the training and already has a U.S. footprint through Hanwha Philly Shipyard
Samsung Heavy Industries | $010140
One of the Korean shipbuilders expected to provide specialists
Hanwha Systems | $272210
Co-acquired Philly Shipyard with Hanwha Ocean, so any increase in U.S. shipyard modernization and Korea-U.S. cooperation could benefit them
Huntington Ingalls Industries | $HII
The largest U.S. shipbuilder, and one of the most likely to benefit from these initiatives
General Dynamics | $GD
Korean shipbuilding methods could help U.S. yards improve labor efficiency and throughput, which could support GD’s marine business, which has also been recovering from labor and productivity issues
Korean shipbuilders will send specialists to train U.S. workers, provide operational consulting, and host some U.S. personnel in Korea
The project is expected to move forward in the second half of the year