South Korean duo acquire US yard to boost defence and shipbuilding activities

Hanwha Ocean and Hanwha Systems purchase Philly Shipyard for $100 million

Sold: Hanwha Ocean and Systems buy Philly Shipyard for $100 million. — Sold: Hanwha Ocean and Systems buy Philly Shipyard for $100 million.Photo: HANWHA

Xu Yihe

Asia CorrespondentSingapore

Hanwha Ocean Philly Shipyard Aker Norway United States

Published 21 June 2024, 02:53Updated 21 June 2024, 06:48