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Navy/USMC

Hanwha Invests In Philly Shipyard with LNG Order

Monday, July 28th, 2025

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Hanwha Invests In Philly Shipyard with LNG Order

Hanwha Philly Shipyard's Dock 4 with its goliath crane in July 2025. (Photo: Defense Daily)

The American shipping subsidiary of South Korean industrial conglomerate Hanwha in July ordered a liquified natural gas (LNG) carrier from a fellow subsidiary, Philly Shipyard, as part of its effort to upgrade and invest in a shipyard they hope ultimately build U.S. Navy ships. Hanwha Shipping is the U.S. subsidiary of the conglomerate’s Korean Hanwha Ocean shipbuilder and at the end of 2024 Hanwha closed on a deal to purchase the Philly Shipyard, with ownerships split between Hanwha Systems, a…

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