US EditionHanwha Ocean to Inject Additional $70 Mil. Into US Shipyard
- Hanwha Ocean Co. will invest an additional $70 million to expand its shipyard in Philadelphia, according to the White House's website.
- Hanwha aims to increase shipbuilding capacity from 1 to 1.5 vessels to 8 to 10 vessels annually by 2035, alongside growing annual sales from $400 million to $4 billion.
- Hanwha Philly Shipyard is the first U.S. shipyard acquired by a South Korean shipbuilder, showcasing bilateral cooperation under the 'Make American Shipbuilding Great Again' initiative.
- U.S. Navy contracts are targeted by Hanwha as part of its strategy to expand its presence in the U.S. market.
12 Articles
12 Articles
SKorea's $150B MASGA: 'Make America Shipbuilding Great Again'
During high-stakes trade talks last month, South Korean negotiators arrived with a symbolic gift: red baseball caps embroidered with the MASGA slogan and adorned with U.S. and Korean flags, The Wall Street Journal reported Sunday.
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SKorea’s $150B MASGA: ‘Make America Shipbuilding Great Again’
President Donald Trump might be known as the "Art of the Deal" savant, but South Korea will get an Oval Office hat tip Monday for literally buying into it to the tune of $150 billion with its "Make America Shipbuilding Great Again" campaign. During high-stakes trade talks last month, South Korean negotiators arrived with a symbolic gift: red baseball caps embroidered with the MASGA slogan and adorned with U.S. and Korean flags, The Wall Street J…
Shipbuilding joins semiconductors and batteries in U.S.–Korea strategic pact
Shipbuilding joins semiconductors and batteries in U.S.–Korea strategic pact August 25, 2025 Posted by: Quatro Strategies Categories: Asia Pacific, Business & Politics, United States No Comments Subscribe to unlock this insight. START YOUR TRIAL NOWALREADY A MEMBER? .vc_custom_1452662201783{margin-right: 0px !important;margin-bottom: 40px !important;margin-left: 0px !important;}.v…
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