Canadian company Gastops and South Korean shipbuilder Hanwha Ocean have signed a Memorandum of Understanding (MOU) to explore collaborative opportunities within the Canadian Patrol Submarine Project (CPSP).
Hanwha Ocean specializes in commercial and naval shipbuilding and offshore projects. The company has experience in the design, construction, maintenance, and marketing of various types of vessels, submarines, combatant surface ships, offshore platforms, drilling rigs and floating oil production units.
Gastops provides specialized propulsion system integration services to naval, coast guard and system integrators, shipyards, and marine control system companies. It uses dynamic modelling and simulations to validate propulsion machinery selection, develop and substantiate propulsion machinery control algorithms, evaluate propulsion machinery performance, and support the marine propulsion system design process.
This MOU represents the initial step toward establishing a potential cooperation, partners noted.
“We see significant opportunities for synergies between Hanwha Ocean and Gastops. With the signing of the MOU, Hanwha can begin developing a strategic relationship which will also enhance and strengthen the relationship between Korea and Canada,” said Yong Ook Lee , COO, Head of Naval Ship Business, Hanwha Ocean.
“We are honoured to enter into this agreement with Hanwha Ocean Co., Ltd. This MOU marks a significant step forward in our efforts to enhance marine capabilities and deliver cutting-edge solutions that enhance vessel performance and reduce risk in the ship build process,” said Shaun Horning , President, and CEO of Gastops.
The signing of this MOU represents initial steps toward establishing potential cooperation in many facets of marine propulsion and health monitoring solutions.