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President Lee Jae Myung speaks during the naming ceremony of the TS State of Maine vessel at Hanwha Philly Shipyard in Philadelphia, Aug. 27, 2025. Yonhap Graphic by Cho Sang-won Korean shipbuilders are struggling to expand production capacities despite order books stretching…
Mitsubishi Heavy Industries Ltd. plans to restart its shipbuilding line in the western Japanese prefecture of Okayama in fiscal 2027, with an eye on building a defense vessel for the Defense Ministry, a source close to the matter said Monday. Mitsubishi…
Market Growth and Product Development According to a market report published by Dataintelo in March 2026, the global hydraulic rescue tools market was valued at approximately USD 1.8 billion in 2025 and is projected to reach USD 3.1 billion by 2034, representing a compound annual…
The program comes as the United States seeks to strengthen its shipbuilding industry and South Korea, which has committed USD 150 billion to U.S. shipbuilding cooperation, takes on a larger role in expanding industrial capacity, supporting naval readiness, and securing supply chains.
America’s $66 billion plan to “beat China’s shipbuilding empire” is not a strategy but an admission of systemic deadlock: unable to compete directly, the US is turning to asymmetric sabotage. Detached even further from reality is the notion of the US…
By The Maritime Executive 2026-10-17 14:23:15 This is the vision behind BOOST² – The Shipyard of the Future, the industrial innovation program launched by the Group three years ago to identify, develop, and integrate new technologies into its production processes. The program includes almost…
WASHINGTON, Oct. 16 (Yonhap) -- A U.S. senator highlighted on Friday South Korean conglomerate Hanwha Group's growing role in revitalizing the American shipbuilding industry, saying its investment in a Philadelphia shipyard is already creating jobs and transferring advanced manufacturing technologies to the United…
Shaw Local Results released from Tractor Classic at Autumn on Parade in Oregon Antique farm tractors were featured at the 33rd annual Antique Tractor Classic and Gas Engine Exhibit held at Oregon Park East as part of the 2026 Autumn on Parade…
Are you looking for a mini excavator for your next construction project? Do you need compact machinery for landscaping, property development, agriculture, or equipment rental? The countdown has begun! In just three days, RIPPA will meet construction professionals, equipment buyers,…
Republican Sen. Dave McCormick of Pennsylvania said that Hanwha's planned $5 billion investment in Philadelphia, part of Korea's broader $350 billion commitment to the United States, would help substantially expand the U.S. shipyard's production capacity. A U.S. senator on Friday highlighted Korean conglomerate Hanwha…