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.
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.
MARAD has added 16 institutions to its Centers of Excellence network, expanding U.S. maritime and shipbuilding workforce training to 48 institutions across 28 states and territories.
The U.S. has ordered a plan for a fifth public Navy Yard while allowing qualifying foreign shipbuilders to build up to two initial vessels abroad before production shifts to U.S. yards.
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.
The Trump administration has extended the Jones Act waiver by 90 days, adding voyage-by-voyage reviews and tighter limits on eligible commodities after opposition from the U.S. maritime sector.
Trump’s Arctic programme has awarded nearly $6.8 billion in no-bid contracts for 11 icebreakers, facing scrutiny over fleet size, procurement and long-term costs.
HD Korea Shipbuilding & Offshore Engineering has signed an MOU with Fraser Industries to provide smart shipyard systems and modernization consulting for Fraser Shipyards in the United States.
Saronic has selected Samsung Heavy Industries as production-technology partner for its planned $3.3 billion autonomous vessel shipyard in Brownsville, Texas.
