On Wednesday afternoon, a pivotal cooperation agreement was signed at the US Department of Transportation between ONEX Shipyards & Technologies, which owns the Elefsina and Neorion Shipyards, and South Korea’s Hanwha Power Systems. The event was attended by Greek Foreign Minister Giorgos Gerapetritis and US Deputy Secretary of State Michael Rega, marking a historic moment for Greek maritime industry on a global scale. Gerapetritis described the agreement as a 'milestone' for a new era of trilateral alignment among the United States, Greece, and South Korea, emphasizing the importance of economic diplomacy and cooperative ventures.

The agreement is seen as a significant step toward rejuvenating the US shipbuilding industry, leveraging the expertise and trust between allies such as Greece and South Korea. Gerapetritis remarked that the collaboration signals a strategic choice for the future, revolved around key areas such as energy, artificial intelligence, and security. This trilateral cooperation holds implications not only for the involved parties but also for the maritime industry at large, as they aim to innovate and strengthen their competitive position in global shipbuilding.

The U.S. Ambassador played a crucial role in facilitating this agreement, underscoring the strength of diplomatic relationships in fostering international partnerships. This agreement may set a precedent for future collaborations in the defense sector and further enhance the bilateral ties between Greece and the United States, while also reinforcing South Korea's position as a significant player in maritime technology and innovation.