Commodities, Business & Shipping

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.

More:

Dow tumbles 500 points as weak jobs data, new tariffs spark sell-off: Live updates​

Stocks tumbled on Friday to kick off August trading as investors weighed stark signs of a weakening economy and President Donald Trump’s modified tariff rates.

The Dow Jones Industrial Average dropped 542 points, or 1.2%. The S&P 500 shed 1.6%, while the Nasdaq Composite dipped 2.2%.

More:

Markets Now Closes 8-1-25 Grains End the Week Lower: Is There Any Hope for the Market?​

Aug 1, 2025
Bryan Doherty, Total Farm Marketing

11:10

Farm Journal Report: Behind The Numbers on Used Equipment​

Aug 1, 2025

7:43

Yes, Cattle Were Actually Higher! With Eric Relph​

Aug 1, 2025
Eric Relph of Comstock Investments breaks down the biggest market shifts of the week in this insightful episode of the CommStock Channel. Covering everything from grains and cattle to metals and equities, Eric explains how weather patterns, tariffs, and job reports are shaping the current landscape.
Looking for clarity in a complex market? This episode is packed with valuable takeaways for ag producers, traders, and investors alike.

9:06