MarineLog Article: Hanwha Group Makes $5BN Announcement at Philly Shipyard

In a landmark event for American shipbuilding, Hanwha Philly Shipyard announced a $5 billion infrastructure investment as it hosted the christening of the State of Maine, the third National Security Multi-Mission Vessel (NSMV) for MARAD. The expansion will add two docks, three quays, and potentially a new block assembly facility, aiming to boost annual production from fewer than two vessels to up to 20. Hanwha also revealed new orders for 10 Jones Act MR tankers and a second LNG carrier, supporting both U.S. fleet renewal and export markets. The State of Maine, destined for Maine Maritime Academy, will serve as a next-generation training ship, reflecting the revitalization of U.S. maritime power through innovation, partnership, and workforce development.
 
 

Select the link to read the full article.

Original Article from MarineLog | Article Author: Nick Blenkey

MarineLog Article: Hanwha Group makes $5BN Announcement at Philly Shipyard

Related News

Tugboat sailing on the Ohio River in Louisville, KY, showcasing vibrant blue waters.
National News

WorkBoat Article: MARAD Simplifies Citizenship Filings for Vessel Owners

MARAD has simplified citizenship documentation requirements for vessel owners and maritime businesses participating in federal programs. The final rule, effective June 4, reduces paperwork, removes certain personal-information disclosures, and eliminates notarization, though it leaves underlying citizenship standards and foreign-ownership rules unchanged.

Read More »