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Sat, Sep

South Korea’s Hanwha Group commits $5bn to Philly Shipyard

South Korea’s Hanwha Group commits $5bn to Philly Shipyard

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South Korea’s Hanwha Group commits $5bn to Philly Shipyard
The expansion project will see the installation of two additional docks and three quays, enhancing the shipyard’s capacity. Credit: Hanwha Group/PRNewswire.

Hanwha Group has unveiled a $5bn investment plan for Hanwha Philly Shipyard in Pennsylvania, aligning with South Korea’s pledge to foster the growth of the US shipbuilding industry via a $150bn investment fund.

The announcement coincided with the christening of a new training ship, which is the third National

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