News Summary
Hanwha Philly Shipyard, recently acquired for $100 million, is set to expand operations to meet rising demands for military and cargo ships. The shipyard aims to acquire more land and offer job opportunities, with a significant increase in staff planned for the coming years. With a focus on specialty ships and government contracts, Hanwha is positioning itself to thrive in a competitive market while contributing positively to the local economy.
Exciting Times Ahead for Hanwha Philly Shipyard in the City of Brotherly Love!
The bustling Hanwha Philly Shipyard is gearing up for some exciting changes that could make waves not just in Pennsylvania, but across the entire U.S. shipbuilding industry. Located at the historic site of the former Philadelphia Naval Base, the shipyard has already made headlines after being purchased by Hanwha for a whopping $100 million last year. Now, the company has its eyes set on expanding operations to meet a growing demand for military and cargo ships from the U.S. government.
Aiming for New Horizons
So, what’s the big plan? Hanwha is actively exploring options to acquire more waterfront land, and they might even dip their toes into shipbuilding territory in South Jersey. This is mainly driven by the government’s decision to ramp up shipbuilding efforts to better compete with China, making this an opportune moment for the shipyard to expand its capabilities.
Leading the charge for these exciting expansions is none other than Daniel O’Brien, head of Hanwha’s lobbying arm in Washington, D.C. Alongside U.S. Senator Chris Coons and other officials, he recently visited the shipyard to discuss future plans. An important piece of the expansion puzzle involves relocating older Navy ships so the shipyard can maximize its space for maintenance and repair work.
Plenty of Opportunities In New Jersey
Hanwha is also scouting for former industrial sites across the river in New Jersey, which might just provide the needed boost for shipbuilding support. The bank of the Delaware River is home to both active and closed manufacturing facilities—perfect candidates for Hanwha’s plans. They are even in talks involving former Navy dry docks adjacent to the shipyard that could help elevate their operations.
Job Growth on the Horizon
As things heat up, job opportunities are set to soar at Hanwha. Currently, the shipyard employs around 1,800 people, about two-thirds of whom are contract employees. This year, Hanwha plans to bring on an additional 100 staff members, and for next year, they are eyeing an increase of 240 more positions. The company is keen to nurture talent and has already welcomed 160 apprentice trainees into programs designed for marine welders, shipbuilders, and ship outfitters. Plus, more classes for machine operators are also on the agenda!
But wait, there’s more! The starting wage for apprentices is quite attractive at $22.60 per hour, with a promise of increasing wages every six months throughout their three-year apprenticeship. After completion, those apprentices can look forward to earning a maximum wage of around $38 per hour, with base pay projected to soar above $40! What a great opportunity for those looking to dive into the skilled trade!
Transitioning into Specialty Ships
As the landscape of shipbuilding shifts, Hanwha isn’t just focusing on traditional warships; instead, they are setting their sights on contracts for specialty ships like icebreakers and replenishment vessels. In fact, the shipyard has already cemented its role in providing about 50% of all large, oceangoing Jones Act commercial ships since the year 2000. Their recent projects include a subsea rock installation vessel and three containerships for Matson, Inc.
Looking Ahead in a Competitive Market
Hanwha’s broader strategy in the U.S. shipbuilding sphere is propelled by partnerships, investments, and cutting-edge technology as they navigate a landscape filled with rising global competition. The shipyard’s adaptability has them moving towards more government repair contracts and building National Security Multi-Mission Vessels, which represents a shift in focus amid growing U.S. defense efforts to bolster its maritime presence.
With plans to rejuvenate the former naval base—offering housing and amenities in its central and eastern parts—the future looks bright for Hanwha Philly Shipyard and the local community. As they continue to grow and evolve, one thing is clear: the Philadelphia shipyard is sailing into an exciting new era!
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Additional Resources
- Inquirer: Hanwha Shipyard Updates
- GovCon Wire: Hanwha Completes Philly Shipyard Purchase
- WorkBoat: Hanwha’s $100 Million Acquisition
- Wikipedia: Shipbuilding
- Encyclopedia Britannica: Shipbuilding
