Wing-in-Ground Craft to be Jointly Developed by DSME, Wing Ship Technology

News Release
Thursday, March 29, 2012
WIG Craft: Photo credit DSME

Korean shipbuilder DSME signs a MOU with Wing Ship Technology for development of Wing-in-Ground vessels

DSME has signed a memorandum of understanding with Wing Ship Technology, a leader in wing-in-ground (WIG) craft. Through this MOU, DSME plans to assist in the commercialization of WIG crafts through mutual cooperation.

DSME agreed to co-market with Wing Ship Technology and jointly develop the WIG craft’s mooring system for use on offshore platforms, in addition, DSME also has plans to cooperate with Wing Ship Technology in the development and co-production of a 200 seat military use WIG.

Wing Ship Technology successfully built the world's first commercial WIG craft capable of seating 50 people (WSH-500) last December. DSME has supported them since the company established itself in 2007 and has helped in the successful development of the WSH-500 by providing financing of about 6.3 million dollars.

Through this cooperative agreement, it is possible to maximize both companies’ strengths and provide mutual benefits. For example, if people can use WIG craft to approach offshore platforms in the ocean, it may be safer and more economical than helicopters which are universally used these days. Through this MOU, DSME plans to increase the marketability of offshore platforms and help expand the WIG craft market.

Mr. Y.Y. Koh, the vice president of DSME, said, “WIG craft is the next generation of transportation and has a ship’s efficiency of operation and an aircraft’s immediacy. The growth potential in the WIG market is very high ..."

 


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