South Korean Shipbuilders Target US Navy MRO Contracts Amid Market Concerns
DEFENSE
South Korean shipbuilders are pursuing US Navy maintenance, repair, and overhaul (MRO) contracts, with Hanwha Ocean and HD Hyundai winning several deals under the MASGA project. Despite the US Navy's annual MRO spending projected to rise significantly by 2030, regulatory constraints and dock capacity issues pose challenges for foreign firms, as US federal law mandates that most Navy vessels be serviced at domestic shipyards, limiting opportunities for Korean companies.

Jan 20, 2026, 6:10 AM