Korea’s Shipbuilders Aggressively Expanding into the U.S. Ship MRO Business

Following HD Hyundai and Hanwha, Samsung and SK Actively Enter the Future Foods Market.

Domestic shipbuilders are aggressively expanding into the U.S. Navy’s Ship Maintenance, Repair, and Overhaul (MRO) business.
This is interpreted as a strategic response to obtain Master Ship Repair Agreements (MSRA) required by the U.S. Navy and lay the foundation for mid- to long-term business.
According to industry sources, Samsung Heavy Industries has started preparing to acquire MSRA based on its U.S. business division. It plans to secure the basic qualification documents and apply to the U.S. Naval Supply Systems Command.

MSRA is a qualification granted by the U.S. Naval Supply Systems Command to a private shipyard after officially verifying its maintenance capability. Shipyards that have acquired MSRA can officially participate in bidding for the U.S. Navy’s combat ship MRO project for five years.
Recently, HJ Heavy Industries officially entered the U.S. Navy MRO market by signing an MSRA with the Supply Systems Command. It has won an MRO project for USNS Amelia Earhart, a 40,000-ton military support ship belonging to the U.S. Navy’s Maritime Transport Command, and has begun full-scale maintenance work.

SK Oceanplant also successfully completed port security assessment, which is the final step to acquire MSRA. With HD Hyundai Heavy Industries and Hanwha Ocean already acquiring MSRA and carrying out the U.S. Navy’s MRO project, the trend of incorporating MRO into the mid- to long-term business is spreading throughout the shipbuilding industry.
 
 
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