SEOUL, November 06 (AJP) - Samsung Heavy Industries said on Thursday that it had signed a strategic partnership agreement with DSEC, a ship design and procurement company, in a move to expand into the U.S. shipbuilding market.
DSEC, which works closely with American shipyards in areas such as vessel design, equipment supply, maintenance and technical consulting, is expected to provide a key bridge for Samsung’s entry into the U.S. market. The company’s expertise in U.S. regulatory standards and shipyard operations is seen as a competitive advantage for the partnership.
Under the agreement, the two companies will collaborate on a range of projects, including medium-sized commercial vessel construction, shipyard modernization, ship retrofitting, liquefied natural gas (LNG) cargo tank repairs, and the development of green and digital solutions. The partnership will also extend to joint research and development facilities in South Korea and abroad.
Samsung Heavy Industries said it plans to integrate its shipbuilding and offshore engineering technologies with DSEC’s U.S.-based design and procurement capabilities to enhance efficiency in its global supply chain, particularly for the company’s MASGA project — a strategic initiative to strengthen its global shipbuilding network.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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