The group acquired the shipbuilder for $100 million last month to enter the US shipbuilding industry and expand the defense business into warship construction.“Philly Shipyard must first resolve its understaffing to win new warship contracts beyond MRO deals,” said one of the sources in Seoul, referring to the ship maintenance, repair and overhaul.
SHORT-STAFFEDHanwha Philly has suffered from a shortage of skilled workers as engineers left the ailing US shipbuilding industry for other sectors.“Due to COVID-driven labor shortages, the Shipyard has experienced schedule impacts, productivity loss and increased costs,” the Hanwha Philly said in its latest quarterly earnings report.
Hanwha Ocean, which acquired the company with its affiliate Hanwha Systems Co., plans to install automation equipment in the US shipbuilder to turn it into a “smart yard.”A smart yard, equipped with the Internet of Things (IoT), drones and other advanced technology, is designed to optimize shipyard operations’ scheduling and execution and streamline and automate the flow of information required for construction.
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