Hanwha Philly Shipyard announced on the 3rd (local time) that it has appointed Kim Hyuk as its new representative director (CEO).
The newly appointed CEO is a shipbuilding expert who has accumulated over 25 years of experience in building warships and commercial vessels at Daewoo Shipbuilding & Marine Engineering and Hanwha Ocean. Since the launch of Hanwha Ocean in 2023, he has been in charge of marine business-related operations.
The new CEO will lead the site under Tom Anderson, President of the shipbuilding division at Hanwha Defense USA, the U.S. subsidiary of Hanwha Aerospace. The Hanwha Philly Shipyard side expects that CEO Kim will lead the expansion of the shipyard and its transition into a multi-purpose shipyard.
President Anderson stated, "As we look ahead to a new leap for Philly Shipyard, President Kim will pass on his large-scale shipbuilding experience gained at Korean shipyards," adding, "We will restore the Port of Philadelphia to its original role as an 'arsenal of democracy.'"
Meanwhile, Hanwha Philly Shipyard is the local hub for the Hanwha Group, which has entered MASGA (Make American Shipbuilding Great Again). Hanwha Systems holds a 60% stake and Hanwha Ocean holds a 40% stake. The Hanwha Group aims to invest $5 billion in this shipyard and increase its annual production capacity from the current level of 1 to 1.5 vessels to approximately 20 vessels.
in INDUSTRY
