en.Wedoany.com Reported - Greece's Skaramangas Shipyards has signed a memorandum of understanding with South Korea's HD Hyundai Heavy Industries (HHI) to collaborate on building new surface vessels for the Hellenic Navy and the Hellenic Coast Guard.

Skaramangas Shipyards stated that the memorandum requires the two companies to work together to construct surface vessels for the Hellenic Navy and the Hellenic Coast Guard.

The agreement also covers maintenance, repair, and overhaul services for naval and coast guard vessels, as well as the development of unmanned surface vessels and manned-unmanned teaming systems.

The agreement with Skaramangas Shipyards is part of HD Hyundai Heavy Industries' ongoing global expansion strategy. The company has already commenced operations at a newly opened shipyard in the Philippines and is finalizing future cooperation plans with local shipyards in Saudi Arabia and India.

HD Hyundai Heavy Industries expects this collaboration to further drive its expansion into the European market. Kim Jae-rak, Global Defense Sales Director at HD Hyundai Heavy Industries, stated: "The memorandum of cooperation with Skaramangas Shipyards lays the foundation not only for the Greek market but also for expanded cooperation in the EU market and beyond."

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com