
Report: Hanwha Ocean Plans Large-Scale Expansion of Philly Shipyard
Months after having completed the acquisition of the Philly Shipyard, South Korea’s Hanwha Ocean is planning to invest more than $70 million to modernize and expand the shipbuilder’s operations to realize the opportunities as the U.S. looks to revitalize its navy and merchant marine. According to reports in the Korean media, the company detailed the plans to expand production at the Philadelphia yard during a tour with Korean stock analysts. The Korean Economic Daily reports the company told...
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