The South Korean group Hanwha, which in 2023 acquired the Daewoo Shipbuilding & Marine Engineering (DSME), has signed through its divisions Hanwha Systems and Hanwha Ocean a deal worth $100 million of dollars for the acquisition of the American shipbuilder Philly Shipyard with a 50% share of the U.S. Jones market Act, the U.S. law that requires all transportation between U.S. ports are carried out by ships of U.S. flag, U.S.-built, owned and crewed by U.S. citizens. The agreement provides that in the event that the costs under the projects that Philly Shipyard is currently in the process of surpassing the price of purchase of 100 million, this can be reduced on the based on clauses agreed between the parties.

Philly Shipyard is controlled by the Norwegian holding company Aker ASA, which owns 57.6% of the share capital. "The opportunity to partner with Philly Shipyard, a Leading shipbuilder with a storied history - ha emphasized Hanwha Systems CEO Sung-Chul EOH - represents an exciting strategic opportunity that will enable Hanwha Systems to deploy its systems state-of-the-art shipping and related technologies in the market U.S.'

"After two decades of management," the president said of Philly Shipyard, Kristian Røkke - is with great honour that we transfer the property from Aker to Hanwha. Recognized as a global leader, Hanwha brings a wealth of advanced shipbuilding expertise that will enable Philly Shipyard to realize a broader vision at for the benefit of its employees and customers'.