Hanwha Ocean said the agreement was signed on the 19th by Eo Seong-cheol, president of its Special Ship Business Unit, and ONEX Group CEO Panagiotis Xenokostas. Greek Ambassador to South Korea Loukas Tsokos and Acting U.S. Ambassador to South Korea James Heller attended the event, the company said.
Under the deal, Hanwha Ocean and ONEX Group plan to participate as mutually exclusive partners in projects ordered by the Greek coast guard and navy, including submarine programs. The companies also agreed to seek cooperation, by project, in third countries over the mid- to long term, including nations neighboring Greece in the Mediterranean and Black Sea regions.
Xenokostas said, “It is an honor to stand in Seoul, the center of a world-class maritime power,” and called on South Korea, the United States and Greece to “sail together toward a future of shared security and prosperity.”
Eo said the company plans to “enter the local market in a stable way through exclusive cooperation with a major local shipyard” and to take an active role in upcoming Greek coast guard and navy projects.
ONEX Group is Greece’s largest shipbuilding and defense company and operates the Syros Neorion Shipyard and the Elefsis Shipyards.
Hanwha Ocean noted that ONEX Group is backed by investment from the U.S. International Development Finance Corp., a U.S. government development finance institution. Heller also attended the event.
* This article has been translated by AI.
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