In Korea, Hanwha Systems and Hanwha Ocean have announced the acquisition of Philly Shipyard from Aker ASA, marking a significant expansion in their global defense and shipbuilding operations. The $100 million investment secures a leading U.S. shipbuilder that has produced around half of the large commercial ships under the Jones Act since 2000. Philly Shipyard, … Continue reading Hanwha Acquires Philly Shipyard to Expand Global Shipbuilding and Naval Technology