Philly Shipyard and HD Hyundai Heavy Industries Sign Memorandum of Understanding

StreetInsider04-24

PHILADELPHIA, PA / ACCESSWIRE / April 24, 2024 / Philly Shipyard, Inc. ("Philly Shipyard"), the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), and HD Hyundai Heavy Industries Co., Ltd....

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2429512464?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-24 22:07","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2429512464","market":"us","top_or_hot":-1,"title":"Philly Shipyard and HD Hyundai Heavy Industries Sign Memorandum of Understanding","media":"StreetInsider","content":"<div>\n<p>PHILADELPHIA, PA / ACCESSWIRE / April 24, 2024 / Philly Shipyard, Inc. (\"Philly Shipyard\"), the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), and HD Hyundai Heavy Industries Co., Ltd....</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=23108126\">Source Link</a>\n\n</div>\n","source":"highlight_streetinsider","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Philly Shipyard and HD Hyundai Heavy Industries Sign Memorandum of Understanding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPhilly Shipyard and HD Hyundai Heavy Industries Sign Memorandum of Understanding\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-24 22:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=23108126><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PHILADELPHIA, PA / ACCESSWIRE / April 24, 2024 / Philly Shipyard, Inc. (\"Philly Shipyard\"), the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), and HD Hyundai Heavy Industries Co., Ltd....</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=23108126\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0256331488.USD","symbol_name":"SCHRODER ISF GLOBAL ENERGY \"A\" ACC","start_time":0,"source_url":"https://www.streetinsider.com/dr/news.php?id=23108126","article_id":"2429512464","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429512464","pubTimestamp":1713967620,"sourceInfo":{"source_id":"highlight_streetinsider","name":"StreetInsider"},"weMediaInfo":null,"summary":"PHILADELPHIA, PA / ACCESSWIRE / April 24, 2024 / Philly Shipyard, Inc. (\"Philly Shipyard\"), the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), and HD Hyundai Heavy Industries Co., Ltd.","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0256331488.USD":"SCHRODER ISF GLOBAL ENERGY \"A\" ACC","PSI":"INVESCO SEMICONDUCTORS ETF","HD":"家得宝","MRO":"马拉松石油","BK4585":"ETF&股票定投概念","BK4588":"碎股","BK4213":"石油与天然气的勘探与生产"},"translate_title":"费城造船厂与HD现代重工签署谅解备忘录","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HD":1,"MRO":1,"PSI":1},"content_text":"PHILADELPHIA, PA / ACCESSWIRE / April 24, 2024 / Philly Shipyard, Inc. (\"Philly Shipyard\"), the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), and HD Hyundai Heavy Industries Co., Ltd. (\"HHI\"), a subsidiary of HD Hyundai Group, signed a memorandum of understanding (MOU) to explore a potential business relationship relating to future U.S. government shipbuilding projects as well as maintenance, repair and overhaul (MRO) projects.   The MOU was signed during a visit from HHI to Philly Shipyard on April 12, 2024 and was attended by officials from both companies, including Dr. Won ho Joo, Chief Executive of Naval and Special Ship Business Unit of HHI, and Mr. Steinar Nerbovik, President & CEO, Mr. Dean Grabelle, Senior Vice President & General Counsel, and Mr. Thomas Grunwald, Senior Vice President, of Philly Shipyard.Steinar Nerbovik, President & CEO of Philly Shipyard, remarked \"Philly Shipyard and HD Hyundai have a long and gratifying history of working together, and we are honored by the idea of future cooperation with HHI on opportunities for U.S. government shipbuilding projects.\"\"We look forward to further growing HHI's presence in the global defense market through collaboration with US companies in government and military vessels building and MRO business,\" said Dr. Won ho Joo, Chief Executive of Naval and Special Ship Business Unit of HHI.Philly Shipyard previously partnered with HD Hyundai for design and procurement support during construction of 22 commercial product tankers from the years 2005 - 2017. HHI is the world's largest shipbuilding company and a world leader in the heavy industries sector.About Philly ShipyardPhilly Shipyard, Inc. (PSI) is a leading U.S. shipbuilder that is presently pursuing a mix of commercial and government work. It possesses a state-of-the-art shipbuilding facility and has earned a reputation as a preferred provider of oceangoing merchant vessels with a track record of delivering quality ships, having delivered around 50% of all large ocean-going Jones Act commercial ships since 2000. PSI is the sole operating subsidiary of Philly Shipyard ASA. Philly Shipyard ASA is listed on the Euronext Expand Oslo (Oslo: PHLY) and is majority-owned by Aker Capital AS, which in turn is wholly-owned by Aker ASA (Aker). Aker is an industrial investment company that exercises active ownership to create value. Aker has ownership interests in oil and gas, renewable energy and green technologies, maritime assets, marine biotechnology and industrial software, and its portfolio includes companies like Aker BP, Aker Horizons, Aker BioMarine, Cognite, and Aker Solutions.For more information about Philly Shipyard, visit www.phillyshipyard.com.SOURCE: Philly Shipyard ASAView the original press release on accesswire.com","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429512464"}