Published by Global Banking & Finance Review®
Posted on February 26, 2026
2 min readLast updated: April 2, 2026
Add as preferred source on GoogleONEX and Hanwha Power Systems inked a cooperation deal to expand U.S. shipbuilding and energy projects, including LNG regasification and storage, aiming to bolster critical infrastructure. (greeknewsusa.com)
ATHENS, Feb 26 - Greek ΟΝΕΧ Shipyards and Technology said on Thursday it signed an agreement with South Korean Hanwha Power Systems to expand their joint activities in the United States in shipbuilding, energy production and regasification units.
ONEX, which operates two shipyards in Greece, said in a press release that the deal also includes projects in power generation, shipyard efficiency, and energy storage platforms.
"Hanwha and ONEX are joining forces to help bring maritime energy production back to the United States and to accelerate the development of critical energy infrastructure," said Panos Xenokostas, ONEX CEO, in a press release.
The Trump administration said last year that the U.S. would work with South Korea to help the struggling U.S. shipbuilding industry and get support to make ships in the country.
The U.S. also supports Greece's efforts to become an energy hub in the Balkans and supply central and southern Europe with U.S.-produced liquefied natural gas (LNG).
(Reporting by Lefteris Papadimas, Editing by Alexandra Hudson)
A new ONEX–Hanwha cooperation agreement to expand U.S. shipbuilding and energy activities, including LNG regasification, storage, and shipyard efficiency projects. (greeknewsusa.com)
ONEX Shipyards & Technologies and Hanwha Power Systems signed the agreement in Washington, D.C., with senior U.S. and Greek officials present. (greeknewsusa.com)
It supports U.S. maritime energy production and infrastructure while leveraging ONEX’s Greek shipyards—modernized with DFC support—to service LNG and related projects. (dfc.gov)
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