Hanwha Systems & Hanwha Ocean Acquire Philly Shipyard from Aker ASA

Hanwha Systems and Hanwha Ocean will invest $100 million to acquire Philly Shipyard from Aker ASA, bringing a U.S. Jones Act shipbuilder into the Hanwha group. The acquisition aims to expand Hanwha’s shipbuilding and defense capabilities in the United States by combining Hanwha’s naval systems and marine technology with Philly Shipyard’s U.S. shipbuilding operations and Jones Act-compliant production.