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042660 — Hanwha Ocean News Story

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South Korea's Hanwha in talks to expand US shipbuilding capacity, WSJ reports

SEOUL, Jan 9 (Reuters) - South Korea's Hanwha Ocean is in talks with U.S. government officials to expand capacity and its property for shipbuilding in Philadelphia due to high demand, according to a report by The Wall Street Journal, citing a U.S.-based executive.

Hanwha Ocean along with another affiliate owns the Philly shipyard.

Hanwha Defense USA is also partnering with HavocAI to develop 200-foot unmanned surface vessels, aiming for U.S. Navy supplier arrangements, the report said.

A Hanwha Group spokesperson confirmed the report.

 (Reporting by Heejin Kim
Editing by Ed Davies)

 ((Heejin.Kim@thomsonreuters.com;))

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