South Korea's Hanwha Group said Friday it has completed a US$100 million acquisition of Philly Shipyard, a leading U.S. shipbuilder for commercial and government projects. The acquisition was finalized six months after signing a contract with Norway's Aker ASA,

Hanwha Systems and Hanwha Ocean have finalized their $100 million acquisition of Philly Shipyard, marking the official start of Hanwha’s U.S. shipbuilding operations under the new name Hanw

South Korea's Hanwha Group said Friday it has completed a $100 million acquisition of Philly Shipyard, a leading US shipbuilder for commercial and government projects. The acquisition was finalized six months after signing a contract with Norway's Aker ASA,

South Korea’s Hanwha group says it plans to hire a “significant number” of workers to expand what’s now called the Hanwha Philly Shipyard, after completing its $100 million purchase of the former U.S.