South Korea and the United States havehttps://www.marinelink.com/news/hanwha-build-usflagged-lng-carrier-528214 been discussing a shipbuilding tie-up that could include investments to modernize U.S. shipyards and more help to repair the U.S. naval fleet as Seoul seeks better tariff terms, government and industry sources said.U.S. President Donald Trump, who has made revitalizing the aging U.S.
Hanwha Shipping, a U.S. subsidiary of Korean shipbuilder Hanwha Ocean, on Tuesday said it ordered an LNG carrier valued at roughly $252 million from its own Pennsylvania-based unit Hanwha Philly Shipyard.Under the agreement, the ship will be built in Korea and flagged in the United States. It is slated for delivery in the first half of 2028.
U.S. Transportation Secretary Sean P. Duffy has announced that the Maritime Administration (MARAD) has awarded $8.75 million in grants to revitalize U.S. shipyards and advance America’s maritime dominance.The funding is part of the Small Shipyard Grant program, which supports advanced training, workforce development and new technologies that strengthen U.S. shipbuilding and repair capabilities.
Captain Steve Jones is President of the Passenger Vessel Association for 2025. As his term comes to a close in February at the PVA Annual Convention at MariTrends 2026 in Covington, KY, Captain Jones has achieved several long-sought-after successes during his term and set in motion other important association undertakings intended to deliver noteworthy benefits to PVA members in the coming year
The Pasha Group, a leader in integrated global logistics and maritime services, announced that Cary Davis has joined the company as Vice President of Government Affairs to lead advocacy and corporate communications. In this role, Davis will oversee federal, state, and local government relations; industry and stakeholder engagement; media relations; and strategic communications in support of
Fincantieri Marinette Marine (FMM) appointed former U.S. ambassador to Norway and the 77th Secretary of the Navy, Kenneth J. Braithwaite, as Chairman of their Board of Directors. Braithwaite brings a career in defense and public service to the role, as well as deep Navy ties. He is a 1984 graduate of the U.S. Naval Academy and earned a master’s degree from the University of Pennsylvania.
Hanwha Group has announced a $5 billion infrastructure plan for Hanwha Philly Shipyard as part of South Korea’s commitment to supporting growth of the U.S. shipbuilding industry through a $150 billion investment fund.The $5 billion program will be dedicated to the installation of two additional docks, and three quays to increase capacity.
South Korean Finance Minister Koo Yun-cheol said on Tuesday he would seek a mutually beneficial trade deal when he meets U.S. Treasury Secretary Scott Bessent for talks this week, just days before an August 1 deadline expires to avoid punishing tariffs.Speaking at the airport before departing for Washington
Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States, has launched the first U.S. flagged, Jones Act-compliant subsea rock installation (SRI) vessel, named Acadia, at Hanwha Philly Shipyard.The Acadia vessel is engineered to transport and precisely install up to 20,000 metric tons of rock on the seabed.
President Donald Trump's plan to revive U.S. shipbuilding using massive fees on China-linked ship visits to American ports is causing U.S. coal inventories to swell and stoking uncertainty in the embattled agriculture market, as exporters struggle to find ships to send goods abroad.Trump is drafting an executive order that would rely on funding from a U.S.
The Pilots' Association of the Bay and River Delaware has welcomed Pennsylvania, the latest pilot boat built by Gladding-Hearn Shipbuilding. The Chesapeake Class launch is equipped with a full suite of Furuno marine electronics, installed by Cay Electronics of Rhode Island.At the heart of the navigation system are dual NavNet TZtouch3 TZT9F Multi Function Displays (MFDs).
U.S. President Donald Trump's administration said on Friday it has granted a liquefied natural gas export license to the Commonwealth LNG project in Louisiana, the first approval of LNG exports after former President Joe Biden paused them early last year.The exports are approved to go to markets in Asia and Europe.