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Representative image of gold bars and tanker traffic in the Strait of Hormuz, illustrating why gold prices climbed to a one-month high even as the waterway was declared completely open.

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HD Hyundai Heavy Industries and Siemens formalized their strategic collaboration to revitalize U.S. shipbuilding by signing a Memorandum of Understanding (MoU) during a ceremony held at the Lahan Select Hotel in Gyeongju, South Korea. The agreement was signed in the presence of Joe Bohman, Chief Technology Officer at Siemens, and Moon Sangmin, Head of Global Strategy at HD Hyundai.

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How HD Hyundai and Siemens plan to transform U.S. shipbuilding through smart digital shipyards

HD Hyundai and Siemens are teaming up to digitize U.S. shipyards. Find out how smart technology is reshaping American shipbuilding.

November 2, 2025

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