Hanwha to invest $5bn in Philadelphia shipyard and orders 11 vessels
- Hanwha pledges $5bn to expand Philadelphia shipyard capacity
- Orders 10 oil tankers, one LNG carrier under MASGA
- Announcement comes as US and South Korean leaders highlight shipbuilding co-operation
Hanwha Group said it will invest $5bn to expand its Philadelphia shipyard and has ordered 11 new vessels, marking the first big contracts under the ‘Make American Shipbuilding Great Again’ initiative
