South Korea’s Hanwha Group has agreed to acquire U.S. shipbuilder Philly Shipyard in a $100 million cash deal, the companies announced on Thursday.Under the deal, which is expected to close in Q4 2024, Hanwha Systems and Hanwha Ocean will purchase purc…
Hanwha to Acquire Philly Shipyard Read More »
Others will remain as Department of Justice continues investigation
Synergy strikes deal with Baltimore to allow some Dali crew to head home Read More »
Alabama Shipyard has secured a contract to perform maintenance work aboard the Military Sealift Command’s (MSC) fleet replenishment oiler USNS Kanawha (T-AO 196).The Mobile, Ala. shipyard was awarded an $11,339,193 firm-fixed-price contract for a 106-c…
Alabama Shipyard Wins MSC Oiler Maintenance Contract Read More »
When Richard Schwarz joined SAFE Boats International as chief financial officer in 2015, he brought to the company a healthy dose of experience in defense and aerospace manufacturing, primarily gained on the financial side of the business. About 2.5 ye…
Insights: Richard Schwarz, SAFE Boats International Read More »
Operators are already covering with longer charters, but talk of further newbuildings could be long-term damper
Jefferies upgrades liner companies with Houthi attacks likely to persist into 2025 Read More »