Hanwha announces plans to enhance shipbuilding in Philadelphia by adding piers, dry docks, cranes, and integrating robotic technology.
Hanwha Group, a leading industrial conglomerate from the Republic of Korea, is poised to significantly expand its operations at the Philadelphia Shipyard, reflecting its long-term vision for American shipbuilding. The company, which acquired the facility for 0 million two years ago, aims to invest an impressive billion in new infrastructure and production upgrades following a recent visit from South Korean President Lee Jae Myung.
The ambitious plan includes the construction of new docks, piers, cranes, and sheds, alongside the recruitment of both human resources and advanced robotics. Hanwha Shipping, a subsidiary of the group, has already placed orders for ten medium-range oil and chemical tankers from the Philadelphia Shipyard, with deliveries set to begin in 2029. This extensive investment and subsequent recruitment strategy are anticipated to more than double the existing workforce of approximately 1,800 direct and contract employees.
The newly ordered vessels will comply with the U.S.’s Jones Act, which mandates that cargo transported between U.S. ports be carried on American-built ships. This aspect of the project not only addresses the local workforce needs but also aligns with broader national goals to revitalize the U.S. maritime industry and counter the growing influence of China in the naval shipping sector.
Hanwha’s revitalization efforts at the shipyard mark a significant departure from the previous management by Norway-based Aker, where production levels were notably low, with only one ship completed approximately every eight months. The forthcoming enhancements aim to increase production capacity to as many as 20 ships annually while also upgrading existing vessels.
Senator Dave McCormick, representing Pennsylvania, has emphasized the strategic importance of the Philadelphia Shipyard in U.S. shipbuilding, noting its long history of producing Jones Act-compliant vessels. McCormick described Hanwha’s expansion as a “game changer” that would play a pivotal role in rebuilding the nation’s shipbuilding capabilities.
In addition to bolstering its ship production capabilities, Hanwha is considering further infrastructure investments, including the addition of a second Grand Block shop and a second Goliath crane at the site. The shipyard currently operates one nearly 1,000-foot dry dock, with plans to restore a second dock for use as a finishing pier.
Community engagement is also a priority for Hanwha, which has mobilized efforts to connect with the Korean American community in the Greater Philadelphia area for recruitment, particularly seeking multilingual professionals. Local outreach initiatives include workforce development seminars scheduled for this fall, aimed at fostering talent and facilitating the hiring process for various positions at the shipyard.
As the company moves forward, it remains committed to producing high-value vessels, including advanced liquefied natural gas carriers, aligning with wider ecological and economic goals for U.S. energy exports. With Hanwha’s ambitious plans, the Philadelphia Shipyard stands to become a cornerstone of American shipbuilding innovation and workforce renewal, marking a new chapter in the industry.
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