South Korea’s Hanwha Naval Giant Seeks to Buy Struggling US Shipbuilder

Hanwha Naval Industries, a major South Korean shipbuilder, is reportedly seeking to buy a struggling US shipbuilder. The effort underscores how global players are competing for shipbuilding opportunities amid financial strain among some American firms. Hanwha’s interest could provide needed capital, stabilize production, and preserve industrial know-how in the US market. Details of potential terms, timelines, and which company is being targeted were not immediately clear, but negotiations are expected to shape future shipbuilding partnerships.