Samsung Heavy Industries has partnered with India’s Swan Defence and Heavy Industries to collaborate in shipbuilding and offshore engineering.
Under a memorandum of understanding, the two companies will pursue cooperation in engineering, procurement, and management of shipbuilding and offshore projects.
Swan Defence and Heavy Industries operates India’s largest dry dock, and a fabrication capacity of 144,000 tonnes per annum, capable of constructing very large crude carriers (VLCCs).
The Korean firm revealed that the partnership will help it establish a foothold in India, with plans to gradually expand its business there. The deal is part of Samsung Heavy’s recent push to strengthen its global network, following its strategic partnership with US-based Vigor Marine Group in August.
The Indian firm signed a similar MoU with Dutch shipbuilder and designer Royal IHC last week. The agreement, signed in collaboration with Alar Infrastructure, the Royal IHC’s representative in India, was for the building of offshore construction vessels.
The partnership will focus on the design, construction, and retrofitting of offshore construction vessels, pipelaying vessels, and MPSVs at SDHI’s shipyard in Pipavav Port.
