Image Credits: Wikipedia HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company for HD Hyundai’s shipbuilding business, said on Monday, July 29, that it recently signed a memorandum of understanding (MOU) with Fraser Industries LLC to cooperate on shipyard modernisation projects aimed at revitalizing the U.S. shipbuilding industry The signing ceremony, held in Washington, D.C., was attended by President & CEO Kim Hyung-kwan and Technology Advisor Shin Jong-gye of CEO of HD Korea Shipbuilding & Offshore Engineering, CEO Patrick V. Kelly of Fraser Industries, and other executives and officials from both companies. The agreement marks the first project undertaken by HD Korea Shipbuilding & Offshore Engineering since the company added “development and supply of digital engineering and manufacturing platforms” to its business objectives in March and designated comprehensive shipyard construction solutions as a future growth driver. Under the agreement, the two companies plan to collaborate across the entire shipyard lifecycle, from construction to operations, including shipyard assessments and solution development; yard and factory layout design; deployment of robotics and automation systems; optimisation of costs, schedules, quality and productivity; implementation of AI- and data-driven digital solutions; and expansion of supply chains and workforce training. To support these efforts, HD Korea Shipbuilding & Offshore Engineering plans to provide an integrated package of technologies and expertise required to build smart shipyards, including shipyard design and construction know-how, production and operating systems, and data management capabilities, effectively transferring its expertise in how to build and operate a shipyard. In particular, HD Korea Shipbuilding & Offshore Engineering and Fraser Industries plan to sign a contract this year for a shipyard modernization consulting program and use Fraser S