South Korea’s shipbuilder Hanwha Ocean and compatriot aerospace and defense company Hanwha Systems have wrapped up a $100 million acquisition of Philly Shipyard, a US shipbuilder focused on commercial and government projects. Following the announcement of the transaction back in June 2024, whereby Hanwha Systems and Hanwha Ocean revealed a joint investment plan to acquire […]

Hanwha Ocean Philly Shipyard Hanwha Philly Shipyard South Korea Hanwha Systems Dyna-Mac Foreign Investment United States Logistics With David Kim Hanwha Defense Chief Executive Officer Goeje Island Jones Act United Overseas Bank