Hyundai Heavy Industries’ dockyard in Ulsan. Korea’s largest shipbuilder has set goal of collecting 22.9 billion dollars worth of orders this year. Provided by the company The world’s largest shipbuilder, Hyundai Heavy Industries (HHI), has established an agreement to build submarines for India as part of a 40-year program to strengthen the nation’s naval forces. The financially struggling company said it signed an MoU with Hindustan Shipyard Limited (HSL) last week stating that the Korean shipbuilder will work with the Indian company to build six submarines that the nation’s navy is preparing to order. “Since HSL wants to be a part of the submarine manufacturing project by the navy, they asked us for help,” said a spokesman for HHI. “Because they are the largest shipbuilder in their country, the possibility that they will win the order is big.” If HSL wins the contract, HHI will dispatch a work force to give technical support that the company needs to build the submarine...
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