HD Hyundai and Kiewit have agreed on a joint venture called HD Kiewit Shipbuilding to develop a new US shipyard, Splash247 reports. The companies signed their agreement in Houston; the proposed industrial site has not been disclosed.

The reported schedule calls for construction to begin in 2027 and operations to start in 2029. The partners plan to pursue naval auxiliary and commercial work. These are proposed schedules and markets, rather than evidence of an operating yard or awarded vessel contracts.

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Source: Splash247 · original report