South Korean conglomerate Hanwha Group has completed its $100 million acquisition of Philly Shipyard through its subsidiaries Hanwha Systems and Hanwha Ocean, marking a historic moment as the first Korean…
Philly Shipyard
VIDEO: Mass Maritime takes custody of TS Patriot State
Within days of its delivery to MARAD by Philly Shipyard, the TS Patriot State, the second of five new purpose-built, state-of-the-art NSMV training vessels for America’s state maritime academies arrived at Massachusetts Maritime Academy (MMA), which formally accepted custody of the ship at a special ceremony held October 11, during which Rear Admiral Ann Phillips, MARAD Administrator, officially signed the vessel over to the academy and to the Commonwealth of Massachusetts.
https://www.marinelog.com/news/video-mass-maritime-takes-custody-of-ts-patriot-state/
WSF: Three yards in running to build new hybrid-electric ferries
Nichols Brothers Boat Builders, Eastern Shipbuilding Group and Philly Shipyard are likely to bid to build Washington State Ferries’ planned series of five new hybrid-electric 160-car ferries, according to WSDOT Assistant Secretary Steve Nevey, the head of Washington State Ferries’
“We’ve reached another exciting step in our electrification journey! Three shipbuilders are interested in building five hybrid-electric 160-car ferries for us,” Nevey writes in his weekly update. “They are Nichols...
Philly Shipyard cuts steel for first of three new Matson Aloha class ships
Philly Shipyard Inc. yesterday held a steel cutting ceremony to mark the start of construction on the first of three 3,600 TEU Aloha class LNG-fueled containerships to be built for Honolulu-headquartered Matson Navigation Company Inc.
Representatives from Philly Shipyard and Matson gathered for short remarks before Regis Burkhardt, Matson site team manager, pushed the button of the shipyard’s state of the art plasma cutter to officially begin production.
“Today we celebrate not only the beginning...
Philly Shipyard Cuts Steel on First of Three LNG-Fueled Containerships for Matson
Jones Act shipbuilder Philly Shipyard, Inc. (PSI) has commenced construction on the first of three Aloha Class LNG-fueled containerships for Matson Navigation Company, Inc. The project, valued at approximately US…
Philly Shipyard delivers Patriot State
Philly Shipyard Inc. yesterday delivered the Patriot State, the second of five new purpose-built, state-of-the-art training vessels for America’s state maritime academies.
The vessels are being built under MARAD’s National Security Multi-Mission Vessels (NSMVs) program and are designed to provide world-class training for America’s future mariners and to support humanitarian assistance and disaster relief missions in times of need.
This second vessel, Patriot State, is being delivered to MARAD and...
US Navy Collaborates with Allies’ Shipyards to Counter China’s Maritime Expansion
(Bloomberg) In any high-stakes military conflict with China, the US Navy will be critical to winning. But America’s shipbuilding industry is far from able to support what the Navy needs….
Second National Security Multi-Mission Vessel, ‘Patriot State’, Christened at Philly
TOTE Services and Philly Shipyard have christened the second of five National Security Multi-Mission Vessels (NSMVs), named Patriot State. The christening ceremony took place Monday at Philly Shipyard in Philadelphia,…
Hanwha to acquire US shipbuilder Philly Shipyard
Hanwha Systems, a defense electronics and IT technology company, and Hanwha Ocean, one of the world’s major shipbuilders, announced the acquisition of US shipbuilding company Philly Shipyard.
Hanwha Systems and Hanwha Ocean will together invest US$100 million to acquire Philly Shipyard, in furtherance of their strategies to expand their global defense and shipbuilding activities.
Philly Shipyard is a US shipbuilder that has delivered approximately half of the large US Jones Act commercial ships...
https://container-news.com/hanwha-to-acquire-us-shipbuilder-philly-shipyard/
South Korean firm to acquire US shipbuilder
Philly Shipyard has entered into a share purchase agreement with South Korean companies Hanwha Systems and Hanwha Ocean for the purchase of Philly Shipyard, the sole operating subsidiary of PHLY. The transaction will result in the company selling all of its business against receiving a cash...