Korea’s Hanwha Group formally completed its $100 million acquisition of what is now Hanwha Philly Shipyard on December 19, 2024. New leadership is now in place, with David Kim taking the role
Hanwha Philly Shipyard CEO David Lim: “We intend to push the boundaries of shipbuilding.”
Korea’s Hanwha Group formally completed its $100 million acquisition of what is now Hanwha Philly Shipyard on December 19, 2024. New leadership is now in place, with David Kim taking the role of CEO to guide the shipyard through the transition. Kim previously served as executive vice president for Hanwha Defense USA and played an instrumental role leading the planning for Hanwha’s acquisition of Philly Shipyard.
“Hanwha Philly Shipyard begins an exciting new chapter today,” said Kim. “We plan to grow and build on a long tradition of success, by expanding production using advanced technologies, and supporting the national revitalization of U.S. shipyards. Together, we begin working toward our vision for Hanwha Philly Shipyard: to be a trusted U.S. shipbuilder, challenging and redefining sustainable maritime solutions for commercial and government clients. We intend to do that by pushing the boundaries of shipbuilding by combining people with
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