Story perspectives
Hanwha Invests $5 Billion to Boost U.S. Shipbuilding
8/27/2025
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Story summary
- Hanwha Ocean will invest $5 billion in Hanwha Philly Shipyard to increase annual production from 1-1.5 ships to 20 by 2035.
- This investment follows the christening of the training vessel "State of Maine" on August 26, showcasing U.S.-South Korea shipbuilding collaboration.
- Hanwha seeks to strengthen its involvement in U.S. naval projects and has ordered 10 medium-range tankers from its U.S. facility.
