# Hanwha Expands Philadelphia Shipbuilding Capacity

Hanwha’s acquisition of Philly Shipyard in 2024 is supporting an expansion of U.S. shipbuilding capacity, but its announced commercial orders since the acquisition have come from Hanwha’s own shipping business. In August 2025, Hanwha Shipping ordered ten medium-range oil and chemical tankers and two LNG carriers; Matson’s approximately $1 billion order for three containerships was placed in 2022, before the takeover. Federal work at the yard includes MARAD training ships and a Missile Defense Agency missile-tracking ship, with options for two additional ships. The development points to potential supplier and workforce opportunities, but the signals identify no open solicitation or procurement contact.

- Ship suppliers and subcontractors can evaluate whether their products, labor, and production capabilities align with the yard’s expansion and federal shipbuilding work; the announced commercial orders do not establish open third-party procurement opportunities.
- The MDA tracking ship and MARAD training-ship work indicate federal demand at the yard, while naval certification efforts may affect which firms can participate in future defense-related production.
- Contractors should distinguish Hanwha’s affiliated orders from competitive federal opportunities and assess how changes affecting Jones Act vessels or Navy construction could influence the market.

**Jurisdictions:** federal
**Industries:** Transportation, Defense & Military
**Topics:** Physical Infrastructure
**Published:** October 26, 2026

### Government Entities
- U.S. Maritime Administration (MARAD)
- Missile Defense Agency (MDA)
- United States Navy (U.S. Navy)

### Vendors
- Hanwha Philly Shipyard (Shipbuilder)
- Hanwha Shipping (Shipowner and orderer)
- Matson (Shipbuilding customer)

### Key Quotes
> We are able to order these U.S.-made MR tankers because of Hanwha’s investment.
> — Ryan Lynch, Chief Executive of Hanwha Shipping

### Sources
- [American-Made Ships Cost 4x as Much. Hanwha Is Buying the Markup](https://businessmodelanalyst.com/hanwha-philly-shipyard-jones-act-tanker-markup) - Business Model Analyst