Hyundai Heavy Industries hooks up with Russian shipbuilder

Hyundai Heavy Industries hooks up with Russian shipbuilder    Russia-based United Industrial Corp. and Hyundai Heavy Industries said Thursday they have signed a cooperative shipbuilding agreement.
   The agreement 'will include the mutual developing of shipbuilding projects, equipments and the designing of vessels,' they said in a statement. 'According to this agreement Hyundai Heavy Industries, as a partner of (United Industrial Corp.), will provide a support in the construction of new shipbuilding facilities, shipyard management and in the building of specific types of vessels, including gas-locomotives.'
   The Russian company said it intends to modernize its shipbuilding assets and construct a modern shipbuilding complex with dry dock on large-capacity vessels, platforms and the production of offshore equipment.