Korea’s Hanwha Group has big plans to increase production at the Hanwha Philly Shipyard that include building LNG carriers. Korea Economic Daily reports that Hanwha Group recently invited a group of Korean
Hanwha Philly Shipyard {Photo: Hanwha Group]
Korea’s Hanwha Group has big plans to increase production at the Hanwha Philly Shipyard that include building LNG carriers. Korea Economic Daily reports that Hanwha Group recently invited a group of Korean financial analysts to the Philadelphia shipyard and told them it plans increase the shipyard’s revenue by tenfold to $4 billion per year within a decade, fueled by high-value commercial ships and contracts for US Navy logistics support vessels.
Production capacity will be increased from 1.5 vessels to 10 per year as the yard is transformed into a mid-to-large-sized shipbuilder that will be the first U.S. shipyard in decades to build LNG carriers, an area in which Hanwha Ocean in Korea is among the world leaders.
The U.S. Trade Representative’s Section 301 action to restore American shipbuilding in response to Chinese actions includes provisions aimed at seeing an increasing proportion of America’s LNG carried in U.S.-built ships.
“One of the
Content Original Link:
" target="_blank">
