Acquisition of Philly Shipyard Hanwha Systems and Hanwha Ocean have acquired Philly Shipyard and strategic plans are in place to invest $100 million to globally expand defense and shipbuilding operations . Philly Shipyard is a leading U.S. shipbuilder that has delivered around half of the merchant navy vessels in the United States since the year
Basics of Ship Construction The initial stages of construction revolve around fabricating, piece by piece, the structure of the vessel. The panels are created and shaped into blocks which are chunks of the ship’s structure that can weigh dozens of tons. The blocks are then blasted ,painted then processed in the final stages of outfitting
LNG Vessels & Mergers The European Commission has blocked the proposed merger between Daewoo Shipbuilding & Marine Engineering and Hyundai Heavy Industries on the premise that a monopoly would be established in the construction of large Liquefied Natural Gas (LNG) vessels which are an integral component of the LNG supply chain and ensure energy security.
