Korea’s HJ Heavy Industries Wins First U.S. MRO Project
South Korea’s HJ Heavy Industries has signed its first repair and maintenance contract for a U.S. Navy support vessel. It becomes the first of Korea’s mid-sized shipyards to enter the business, which is seen as a lucrative segment for the companies. The U.S. has sought to undertake more of the repair and maintenance work overseas, close to the area of deployment, to lessen the downtime for critical support ships. It is also a strategic relationship-building opportunity for the yards that...
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