South Korea’s Hanwha Group has announced a significant $5 billion investment plan for the Hanwha Philly Shipyard, marking a crucial step in South Korea’s broader $150 billion initiative to rejuvenate the American shipbuilding sector. This investment comes alongside the order of 10 medium-range oil and chemical tankers, expected to enhance the shipyard’s production capabilities dramatically. … Continue reading Hanwha Group Unveils $5 Billion Shipyard Investment