Hanwha Ocean said on the 19th that it signed a "strategic cooperation agreement for cooperation in Greek business" with ONEX, Greece's largest shipbuilding and defense company.
At the signing ceremony, Executive Vice President Eo Seong-cheol of Hanwha Ocean's Special Ship Business Division, ONEX CEO Panagiotis Xenokostas, and Loukas Tsokos, Greece's ambassador to Korea, attended.
ONEX Group is a company invested in by the U.S. International Development Finance Corporation (DFC), and James Heller, chargé d'affaires ad interim at the U.S. Embassy in Korea, also attended the event.
Under this agreement, the two companies will work together as partners with a mutually exclusive agreement for projects, including submarine programs ordered by the Hellenic Coast Guard and Navy. In the mid to long term, they will seek project-by-project cooperation in third countries, including those neighboring Greece such as the Mediterranean and the Black Sea.
ONEX CEO Xenokostas said, "Let Korea, the United States, and Greece sail together toward a future of shared security and prosperity."
Hanwha Ocean CEO Eo Seong-cheol said, "Through exclusive cooperation with a major local shipyard, we will enter the local market stably and actively participate in the Hellenic Coast Guard and Navy projects to be ordered soon."