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Shipbuilder Importing South Korean Techniques to American Yard
PHILADELPHIA, Pa. – On the banks of the Delaware River, a bright orange crane visible from the interstate stands above the remnants of a once bustling naval shipyard district.The crane – recently painted with the logo of its new South Korean owners – symbolizes an ambitious revolution in shipbuilding that could take place here, pending major investments in workforce and infrastructure and demand from the U.S. government and commercial industry.
Korean-owned Hanwha purchased the Philly Shipyard late last year for $100 million from its Norwegian owners, renaming it Hanwha Philly Shipyard.
Since then, the company has increased the number of people working in the yard by 600 as it gears up for an expansion into U.S. Navy shipbuilding, chief executive officer David Kim told USNI News during a visit to the yard this month.
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