Hanwha Ocean Announces $5 Billion Investment in Philly Shipyard

Hanwha to invest $5 bil. in Philly shipyard to build naval vessels in US

Hanwha Group announced Wednesday it will invest $5 billion in its Philly Shipyard in Philadelphia as part of the so-called "Make American Shipbuilding Great Again" (MASGA) project, which was agreed upon last month during the Korea-U.S. tariff talks as part of efforts to rebuild the U.S.' shipbuilding industry. The size of Hanwha's planned investment is 50 times larger than the $100 million it spent to acquire the shipyard last year. It also exce…

Hanwha Ocean Announces $5 Billion Investment in Philly Shipyard

The third U.S. training ship, State of Maine, was christened on Tuesday, August 26, in a ceremony designed to highlight the emerging partnership betwe...

LIVE NOW: Transportation Secretary Holds Christening Ceremony for Training Vessel

Transportation Secretary Sean Duffy holds a christening ceremony in celebration of the State of Maine training vessel in Philadelphia at 4 p.m. on Aug. 26. ...

South Korean president to visit Philadelphia's shipyard for ship christening ceremony

The ship that is being christened is a Department of Transportation training vessel that will go to the Maine Maritime Academy.

DoT’s Maritime Administration Celebrates Christening of State of Maine Vessel at Hanwha Philadelphia Shipyard

New vessel symbolizes new era of maritime dominance  From the U.S. Department of Transportation, Aug. 26, 2025  PHILADELPHIA, Pennsylvania – U.S. Maritime Administration (MARAD) today celebrated the christening of the State of Maine, the third of five cutting-edge National Security Multi-Mission Vessels (NSMV), at Hanwha Philly Shipyard. Built for Maine Maritime Academy, the State of Maine will serve as a next generation training ship, supportin…