# HD Hyundai shipbuilding expansion and performance

> Developing situation record from CLSTR: https://clstr.news/situations/hd-hyundai-shipbuilding-expansion-and-performance
> Updated: 2026-10-27T08:40:14.000Z. Sources: 11. Developments: 2.

HD Hyundai is expanding its global footprint and technological capabilities through new infrastructure and financial growth. The company entered a joint venture with the American firm Kiewit to establish HD Kiewit Shipbuilding, a new smart shipyard in the Gulf of Mexico. This facility, planned to begin construction in 2027, will utilize digital twin technology and automated systems to support U.S. Navy logistics and commercial shipping.

Concurrently, HD Korea Shipbuilding & Offshore Engineering reported a 37.3% increase in third-quarter operating profit, totaling 1.45 trillion won. This growth was attributed to rising ship prices for LNG carriers and strong performance in engine and offshore sectors. Additionally, the company achieved a technological milestone as the American Bureau of Shipping verified a breakerless medium-voltage direct current power system concept designed for large commercial vessels.

## Timeline

### 2026-10-27: HD Korea Shipbuilding reports 37% profit jump and marine tech milestone

HD Korea Shipbuilding & Offshore Engineering saw a 37% Q3 profit rise driven by high-value LNG carrier orders, while its MVDC marine power system concept received ABS verification.

4 sources. https://clstr.news/cluster/hd-korea-shipbuilding-reports-37-profit-jump-and-marine-tech-milestone

### 2026-10-23: HD Hyundai to build new smart shipyard in US with Kiewit

HD Hyundai and Kiewit will form a joint venture to build a new smart shipyard in the U.S., aiming for 2029 operations and 3,000 jobs.

7 sources. https://clstr.news/cluster/hd-hyundai-to-build-advanced-smart-shipyard-in-the-us

---
Cite as: HD Hyundai shipbuilding expansion and performance. CLSTR, https://clstr.news/situations/hd-hyundai-shipbuilding-expansion-and-performance