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.
Hanwha Ocean is extending digital production systems and welding robots from its Geoje smart yard to Hanwha Philly Shipyard alongside a $5 billion infrastructure programme.
Hanwha Philly Shipyard has been named in a $1.5 billion US vessel construction plan announced as part of a wider defense investment package in Pennsylvania.
Hanwha Philly Shipyard plans to hire up to 10,000 workers over five years to expand US shipbuilding capacity.
ONEX Shipyards and Technology and Hanwha Power Systems signed a deal to expand U.S. cooperation in shipbuilding, maritime energy production and regasification units, with added work in efficiency and storage.
The White House released its Maritime Action Plan to boost U.S. shipbuilding, including proposed fees on foreign-built vessels entering U.S. ports to fund shipyards, jobs, and fleet growth, subject to congressional approval.
