Key facts
- Greece's Skaramangas Shipyards and South Korea's Hyundai Heavy Industries signed an MOU.
- The cooperation is seen as a strategic gain for Greece.
- It may advance the Hellenic Navy in the East Med region.
A Memorandum of Understanding (MOU) has been executed between Greece's Skaramangas Shipyards and South Korea's Hyundai Heavy Industries. This agreement is anticipated to be a significant strategic benefit for Greece, with the potential to bolster the Hellenic Navy's presence and capabilities within the Eastern Mediterranean region.