Posted on September 1, 2025
Hanwha is investing to modernise infrastructure and create a digitally-enabled, high-efficiency shipyard, with world-class automation and smart yard technology.
Hanwha Group, a large business conglomerate in South Korea, has announced a $5 billion infrastructure plan for Hanwha Philly Shipyard. This is part of South Korea’s commitment to supporting growth of the US shipbuilding industry through a $150 billion investment fund.
South Korean President Lee Jae Myung’s administration had earlier pledged $150 billion in American shipbuilding investments during a trade deal between Korea and the US Hanwha Philly Shipyard, and this is expected to play a key role in future collaboration between the two countries.
Dong Kwan Kim, Hanwha Vice Chairman, emphasized the importance of joint partnership in bolstering the shipbuilding industry. “We are creating good manufacturing jobs, building the world’s most advanced ships, and fostering a new skilled workforce right here in America. This is just the beginning, Hanwha is committed to being a partner in building the next chapter of American shipbuilding.”
The Hanwha Group acquired Philly Shipyard in 2024 through a $100 million investment to build a landmark hub for shipbuilding in the United States. It is investing to modernise infrastructure and create a digitally-enabled, high-efficiency shipyard, with world-class automation and smart yard technology. The company will dedicate the $5 billion program to the installation of two additional docks, and three quays to increase capacity.
It will also review the build-out of a new block assembly facility. Hanwha aims to increase Philly Shipyard’s annual production volume from less than two vessels to up to 20. And as a global leader in LNG vessels, it aims to produce LNG carriers, naval modules and blocks, and, in the long-term, naval vessels out of its US shipyard.
