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South Korea's HD Korea Shipbuilding & Offshore Engineering plans to develop a small modular reactor for use in shipping in cooperation with the UK's Core Power and the USA's Southern Company and TerraPower.
A memorandum of understanding has been signed between Lloyd's Register, Zodiac Maritime, HD Korea Shipbuilding & Offshore Engineering and Kepco Engineering & Construction for the development of nuclear-propelled ship designs, including bulk carriers and container ships.
Grants from the Federal Railroad Administration will fund high-speed passenger rail projects from North Carolina and Virginia to California and Nevada.
A consortium led by Hyundai Engineering & Construction has been selected by Korea Hydro & Nuclear Power as the contractor for the construction of the main facilities at units 3 and 4 of the Shin Hanul nuclear power plant.