HD Hyundai And Kiewit Plan To Launch New U.S. Shipyard

HD Hyundai and Kiewit Maritime announced plans to establish HD Kiewit Shipbuilding LLC, a joint venture intended to develop a new U.S. shipyard for Navy auxiliary vessels and commercial ships. The partners expect construction to begin in 2027 at an existing industrial location and aim for full operations in 2029, although the precise site was not disclosed in the announcement. The proposal combines South Korean shipbuilding experience with Kiewit’s North American engineering and construction capabilities to expand available U.S. capacity. It remains a planned industrial investment, with no confirmed ship orders, capital budget or completed facility announced.