Hanwha Ocean named primary foreign partner for US shipbuilding revival

The reporting follows $350M in facility investments at Hanwha-owned Philly Shipyard.

Ingrid Sorensen

Shipbuilding Correspondent

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Hanwha Ocean has been identified as the primary foreign partner supporting United States shipbuilding revival efforts. ^[1] Hanwha acquired Philly Shipyard in December 2024. The company has invested approximately $350M in facility improvements at the yard since the purchase. ^[2] No additional details on the terms or scope of the partnership have been released.

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Wall Street Journal reported on 25th local time that Hanwha Ocean is the primary foreign partner supporting US shipbuilding revival efforts · 세계일보
Hanwha acquired Philly Shipyard in December 2024 and has invested approximately 350 million USD in facility improvements · 세계일보

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