America’s New Shipbuilding Orders Are Expensive Bets on Fossil Freight
South Korea’s Hanwha Group owns the Philadelphia shipyard that has become a centerpiece of Washington’s attempt to rebuild American commercial shipbuilding. Its Hanwha Ocean and Hanwha Systems subsidiaries acquired the US yard in December 2024. The investment creates and sustains American production capacity and jobs while transferring shipbuilding expertise, technology … [continued]
