This year’s Asia-Pacific Economic Cooperation (APEC) was a successful global negotiation table for Korean shipbuilders, as companies signed multiple partnerships to advance digitalized shipbuilding practices and expand their presence in APEC economies.

HD Hyundai said Sunday it has signed a strategic collaboration for U.S. shipbuilding revitalization with Siemens on the sidelines of the APEC CEO Summit, which took place from Oct. 29 to 31.

Through the memorandum of understanding, the two companies aim to enhance the overall competitiveness of the U.S. shipbuilding industry by improving design quality, minimizing process risks and reducing costs.

HD Hyundai, Siemens to partner for ship digitization, Hanwha looks to Philippines

This year’s Asia-Pacific Economic Cooperation (APEC) was a successful global negotiation table for Korean shipbuilders, as companies signed multiple partnerships to advance digitalized shipbuilding practices and expand their presence in APEC economies.

HD Hyundai said Sunday it has signed a strategic collaboration for U.S. shipbuilding revitalization with Siemens on the sidelines of the APEC CEO Summit, which took place from Oct. 29 to 31.

Through the memorandum of understanding, the two companies aim to enhance the overall competitiveness of the U.S. shipbuilding industry by improving design quality, minimizing process risks and reducing costs.

By combining HD Hyundai’s shipbuilding expertise with Siemens’ digital twin and business platform technologies, the partnership seeks to accelerate digital transformation across production processes and maximize efficiency, HD Hyundai said.

They will realize digital advancement in shipbuilding, improve automation in block assembling, and optimize production, quality and procedure by progressing them based on a database.

HD Hyundai said they will “pursue technological innovation throughout the entire shipbuilding process, step by step.”

The two firms have also agreed to utilize Siemens’ educational facilities across the U.S. to train manpower for the industry. HD Hyundai will dispatch its instructors to some 30 facilities in the U.S. run by Siemens, offering technical lessons.

The partnership will also play on HD Hyundai’s ongoing partnerships with the University of Michigan and the Massachusetts Institute of Technology, jointly developing programs on engineering, digital planning and automated procedure in connection to shipbuilding.

HD Hyundai, Siemens to partner for ship digitization, Hanwha looks to Philippines

This year’s Asia-Pacific Economic Cooperation (APEC) was a successful global negotiation table for Korean shipbuilders, as companies signed multiple partnerships to advance digitalized shipbuilding practices and expand their presence in APEC economies.

HD Hyundai said Sunday it has signed a strategic collaboration for U.S. shipbuilding revitalization with Siemens on the sidelines of the APEC CEO Summit, which took place from Oct. 29 to 31.

Through the memorandum of understanding, the two companies aim to enhance the overall competitiveness of the U.S. shipbuilding industry by improving design quality, minimizing process risks and reducing costs.

By combining HD Hyundai’s shipbuilding expertise with Siemens’ digital twin and business platform technologies, the partnership seeks to accelerate digital transformation across production processes and maximize efficiency, HD Hyundai said.

They will realize digital advancement in shipbuilding, improve automation in block assembling, and optimize production, quality and procedure by progressing them based on a database.

HD Hyundai said they will “pursue technological innovation throughout the entire shipbuilding process, step by step.”

The two firms have also agreed to utilize Siemens’ educational facilities across the U.S. to train manpower for the industry. HD Hyundai will dispatch its instructors to some 30 facilities in the U.S. run by Siemens, offering technical lessons.

The partnership will also play on HD Hyundai’s ongoing partnerships with the University of Michigan and the Massachusetts Institute of Technology, jointly developing programs on engineering, digital planning and automated procedure in connection to shipbuilding.

Since 2023, the two companies have been jointly working on creating new manufacturing platforms. The innovative features currently under development include a unified platform to store a database that delineates steps from planning to manufacturing, allowing the entire process to be simulated online and thus lowering the risk of errors and producing the best results.

“To rebuild the U.S. shipbuilding industry, digitization and automation to maximize manufacturing efficiency is key,” a HD Hyundai official said.

HD Hyundai previously signed partnerships with Huntington Ingalls Industries, the largest U.S. military shipbuilder, and U.S. marine transportation company Edison Chouest Offshore to develop jointly coordinated shipbuilding networks in the U.S.

Meanwhile, Hanwha Ocean is making progress in expanding its market presence in the Philippines. According to the presidential office of the Philippines, officials of Hanwha Ocean met President Ferdinand Marcos Jr. and discussed the company’s proposal to support the Philippine navy’s submarine program.

This includes the construction of a submarine base, the establishment of a local maintenance, repair and overhaul center, and the training of Filipino naval operators, maintainers and commanders using advanced simulators and systems.

Hanwha Ocean also informed President Marcos of their plans for the deployment of KSS-III Dosan Ahn Changho class submarines, which will be equipped with modern sonar and combat systems and lithium-ion batteries for longer underwater endurance, along with technology transfer and partnerships with local industries.

Marcos is pushing to acquire the Philippine military’s first submarine under the country’s third-phase military modernization plan, worth 2 trillion pesos ($34 billion), which was approved February last year. Source: The Korea Times