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US shipyard Hanwha Philly Shipyard set to be upscaled by new South Korean owner

US shipyard Hanwha Philly Shipyard set to be upscaled by new South Korean owner

South Korea’s Hanwha Group plans to transform its newly acquired US shipbuilder Hanwha Philly Shipyard, to enable it to produce up to 10 vessels per year, including LNG carriers.

Hanwha,

South Korea’s Hanwha Group plans to transform its newly acquired US shipbuilder Hanwha Philly Shipyard, to enable it to produce up to 10 vessels per year, including LNG carriers.

Hanwha, which controls Korea’s Hanwha Ocean, took analysts on a US tour last week and subsequent reports in the Korean press detail that the Group plans to boost the shipyard’s revenue to $4bn within a decade.

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