Philly Shipyard losses piling up as Hanwha takeover looms

US yard expects to lose money on six newbuildings

Philly Shipyard chief executive Steinar Nerbovik speaks at the keel laying ceremony for the first national security multi-mission vessel in 2021.
Philly Shipyard chief executive Steinar Nerbovik speaks at the keel laying ceremony for the first national security multi-mission vessel in 2021.Photo: Haquiel Jusino/Philly Shipyard
Published 5 November 2024, 07:56Updated 5 November 2024, 11:34
Philly ShipyardUSAker CapitalNorwayHanwha Ocean