HD Hyundai is advancing a new shipyard project in India and preparing broader investment plans in Vietnam as it responds to rising global competition and sharpens its focus on high-value vessels at home.
HD Korea Shipbuilding & Offshore Engineering is advancing a $4.0 billion shipyard project in Thoothukudi, India, with planned annual capacity of 3.5 million to 4.0 million tonnes. The yard is being developed separately from the Cochin Shipyard block facility and is expected to serve as an anchor site within a wider cluster.
HD Hyundai has signed an exclusive agreement with Tamil Nadu to plan a new shipyard in the state, with Thoothukudi among the candidate sites, in a trillion-won class project tied to India’s Maritime Amrit Kahl Vision 2047.
