Shipyards · Philadelphia, PA
Hanwha Philly Shipyard
Bought by Hanwha in December 2024, the yard builds MARAD's National Security Multi-mission Vessels and as of August 2025 held an order for 10 MR tankers (first due 2029). Hanwha plans a $5 billion investment to raise output from under two to 20 ships per year.
- Owner
- Hanwha Philly Shipyard
- Type
- New construction
- Ownership
- Private
- Segments
- MARAD, Commercial
- Workforce
- —
- Dry docks
- Existing dry dock; two more docks and three quays planned
- Website
- www.phillyshipyard.com
Hulls built here
| Hull | Name | Program | Status | Launched | Delivered | Planned delivery | Source |
|---|---|---|---|---|---|---|---|
| NSMV-2 | Patriot State II | National Security Multi-Mission Vessel (NSMV) | Delivered | — | 2024-10-10 | — | Source |
| NSMV-3 | State of Maine V | National Security Multi-Mission Vessel (NSMV) | Delivered | — | 2026-03-30 | — | Source |
| NSMV-4 | Lone Star State | National Security Multi-Mission Vessel (NSMV) | Delivered | — | 2026-09-07 | — | Source |
| NSMV-5 | Golden State II | National Security Multi-Mission Vessel (NSMV) | Under construction | — | — | 2026 | Source |
Capital projects
$5 billion yard expansion (new docks, quays, block assembly)
On Aug. 26, 2025 Hanwha announced $5 billion of capital spending at the former Philadelphia Naval Shipyard for two additional docks and three quays, aiming to raise output from fewer than two to as many as 20 ships a year. As of August 2026 the major facilities had not been added; on Sept. 22, 2026 the city's PAID approved a lease of 47 more acres at the Navy Yard.