ONEX-Hanwha Ocean strategic agreement for shipbuilding cooperation focusing on Greece

ONEX Shipyards & Technologies Group and South Korea’s Hanwha Ocean person signed a strategical practice statement to make defence shipbuilding activities successful Greece, arsenic good arsenic crossed the wider Mediterranean and Southeastern Europe.

The statement was signed successful Seoul in the beingness of institution executives and representatives from governments and diplomatic missions. According to an authoritative statement, ONEX shipyards are expected to go a cardinal determination hub for Hanwha Ocean’s operations.

The concern includes the improvement of capabilities for gathering and supporting defence vessels and submarines, alongside strengthening the technological instauration of Greece’s shipbuilding industry. It besides envisages the constitution of accumulation and maintenance, repair, and overhaul (MRO) facilities successful Greece, aimed astatine serving some home needs and planetary markets successful the region.

Figures released bespeak that the statement targets much than 70% home information successful shipbuilding projects. At the aforesaid time, it seeks to boost export activity, enhancing Greece’s presumption successful the planetary defence shipbuilding market.

Economically, the concern is expected to make caller jobs and reenforce the home concern ecosystem, peculiarly successful highly specialised sectors.

ONEX President and CEO Panos Xenokostas stated that the statement forms portion of a broader strategy to fortify home accumulation and grow export capabilities successful shipbuilding. He emphasized that practice with Hanwha Ocean volition alteration the accumulation of precocious shipbuilding systems successful Greece and heighten the country’s relation successful planetary worth chains.

Overall, the statement aligns with wider efforts to fortify the defence manufacture and home accumulation base, with a absorption connected planetary partnerships and the transportation of expertise.

Source: newmoney.gr