HD Hyundai Heavy Industries Signs Deal that Could See Them Receive U.S. Government Maintenance Contracts
Another sector of the Korean defense industry could be receiving some work in the near future in the United States:
The world’s largest shipbuilder, HD Hyundai Heavy Industries Co. Ltd. of Ulsan, South Korea, has signed a deal to seek U.S. government shipbuilding and maintenance contacts in alliance with Philly Shipyard Inc., which employs around 1,000 at the former Philadelphia Navy Yard site in South Philadelphia.
An agreement to “explore a potential business relationship” for government work was signed April 12 by Won ho Joo, chief executive of HD Hyundai’s naval and special ships unit, and Steinar Nerbovik, who has run the Philly yard since 2014 on behalf of its owner, Norway-based Aker ASA. The deal announced this week follows a February visit by U.S. Navy Secretary Carlos Del Toro to Korean shipyards where he invited owners to invest in U.S. shipyards to build for military and civilian clients.
Stars & Stripes
You can read more at the link.
Yet once again, it’s about South Korea pumping money into US jobs for American shipyard workers who are unproductive, it’s nothing more. US naval ships waiting 20 years for maintenance work to be done in those uncompetitive shipyards is unbelievable yet it’s true. Korean shipyards could take over those American shipyards that have fallen behind the times, but that will only drain the financial resources of those Korean companies who must now deal with unionized American trade workers backed by the hostile Trump government, who will want double the salary, work 2 hours a day, and even work less than they used to. It’s sad to see how South Korea is just letting the US take advantage of them left right and center. All this is because the US don’t want to buy foreign-built naval ships and must make naval ships in the US only.