Hanwha's Philly Shipyard Wins U.S. Navy Contract
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Hanwhas Philadelphia Shipyard secures first U.S. Navy contract, teaming up with Vard on Next Generation Logistics Ship program. Hanwha invests over $200 million in workforce and capacity upgrades, aiming for $5 billion total investment. Hanwhas U.S. shipping unit orders ten Jones Act tankers, including two LNG carriers, with Seouls $150 billion pledge to U.S. maritime sector. Deal covers market surveys, concept designs, manufacturability checks, and production cost reviews for lighter replenishment oilers, leveraging proven tech for smaller, more numerous ships.
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