Hanwha Philly Shipyard mulls joining US Navy ship project

Hanwha Philly Shipyard, owned by Korea's chemicals-to-shipbuilding conglomerate Hanwha Group, is considering bidding for the U.S. Navy's combat support ship construction project, the group said Sunday. At a recent media briefing in Philadelphia, the shipyard's CEO David Kim said Hanwha is in "discussions" about participating in the project. An additional U.S. defense budget of more than $20 billion has been approved for the construction of combat and support ships, he said, adding the Senate and House of Representatives are discussing how to execute the funding. Some of the planned combat support ships are the type of vessels Hanwha is capable of building, which is why the company needs to win the bid, Kim said. The company is already preparing documents for submission to the U.S. Navy and getting ready for the bidding process, he added. Hanwha Group acquired Philly Shipyard Inc. for $100 million last year as part of its global expansion strategy. Through the acquisition, Hanwha aims not only to enter the market for building 3,600 twenty-foot equivalent unit (TEU) liquefied natural gas-powWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times