Hanwha Philly Shipyard will lease about 47 additional acres at the Philadelphia Navy Yard as it proceeds with its previously announced $5 billion infrastructure program.
A U.S. defense official visited Hanwha Ocean’s Geoje Shipyard, where Chungnam-class frigates are being built, as the U.S. considers options for its frigate fleet.
Hanwha outlined plans to expand U.S. Navy shipbuilding at Hanwha Philly Shipyard as Acting Navy Secretary Hung Cao visited the Philadelphia facility to discuss investment and workforce growth.
Hanwha Ocean awaits Thailand’s next-generation frigate decision after entering the Royal Thai Navy tender with its 4,000-tonne OCEAN-40F design.
Penguin International has secured a turnkey contract to design, engineer and build two RSN landing craft in its first naval shipbuilding programme as prime contractor.
HD Hyundai Heavy Industries has launched Cimbote, the first of two landing support ships being jointly built with SIMA in Peru for the Peruvian Navy.
Hanwha Ocean and Fincantieri shares rose after a Trump directive created a pathway for qualified foreign shipbuilders to construct certain US Navy vessels at overseas yards.
Vietnam has started building its largest domestically constructed warship, an anti-submarine frigate at Sông Thu Corporation in Da Nang, with completion expected within 36 months.
Hanwha Group has offered up to $1.2 billion to acquire Austal USA and its operating assets as it seeks to expand its shipbuilding and defense business in the United States.
