HD Hyundai to build US shipyard with Kiewit, create 3,000 jobs

Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST

SEOUL, Oct 23 : HD Hyundai Co said on Friday it has signed a deal with Kiewit Corp to build an advanced US shipyard next year, with operations expected to begin in 2029 and create about 3,000 domestic jobs.

The new shipyard is expected to boost U.S. shipbuilding capacity and help revive the industry, Hyundai said. The partners will explore opportunities in both commercial ships and military support vessels, it said in a statement.

Newsletter

Week in Review

Subscribe to our Chief Editor’s Week in Review

Our chief editor shares analysis and picks of the week's biggest news every Saturday.

Sign up for our newsletters

Get our pick of top stories and thought-provoking articles in your inbox

Subscribe here

Get the CNA app

Stay updated with notifications for breaking news and our best stories

Download here

Get WhatsApp alerts

Join our channel for the top reads for the day on your preferred chat app

Join here