HD Hyundai Heavy Industries and SIMA Perú have launched the second landing ship, BAP Chimbote, as part of a four-ship program for the Peruvian Navy.
Why it matters
- This project represents South Korea's first overseas joint construction success in the shipbuilding industry
- The total value of the four-ship agreement is approximately $463 million
- The program may serve as a reference point for other countries in the region to undertake similar fleet modernization programs
The BAP Chimbote is part of a larger agreement signed in April 2024, with HD Hyundai Heavy Industries providing design, equipment, and technical support, while SIMA Perú handles the construction. The program is expected to be completed by 2029, with all four ships delivered to the Peruvian Navy.
The Peruvian Navy's modernization program, including the launch of the BAP Chimbote, may serve as a reference point for other countries in the region, including Turkey, as they consider their own fleet modernization programs. The Turkish defense industry can draw lessons from this program, particularly in terms of technology transfer and joint production models, as it seeks to enhance its own capabilities and exports.
