Overview

• President Lee Jae Myung visited Hanwha Philly Shipyard and joined the christening of the NSMV State of Maine, the third of five training vessels for the U.S. Maritime Administration.
• The company says the plan targets an increase in annual output from about 1–1.5 ships to 20 by adding two docks, three quays and a large block-assembly facility, with no timeline disclosed.
• Hanwha Shipping reported orders for 10 medium-range oil and chemical tankers and one LNG carrier from the yard, with the first tanker due in early 2029.
• Coverage ties the expansion to Korea’s MASGA program under the recent trade agreement that exchanged lower tariffs for large-scale Korean investment, including a $150 billion shipbuilding allocation.
• Workforce projections remain unclear, with outlets citing differing current headcounts and growth estimates, and officials offering no firm schedule for reaching the capacity goal.