Company Directory - Philly Shipyard
Company Details - Philly Shipyard
Philly Shipyard
WebsiteUnited States
Philly Shipyard is a U.S. shipbuilding company acquired by Hanwha Group. The company is involved in the construction of ships, leveraging advanced technologies and industry expertise to deliver a range of maritime solutions.
CCI Score
CCI Score: Philly Shipyard
24.94
-0.02%
Latest Event
Philly Shipyard Ties to Global Defense Investment
Philly Shipyard, as part of Hanwha Group, is indirectly implicated in a broader strategy to expand global defense capabilities. The recent capital raise by Hanwha Aerospace—which includes plans to invest in overseas shipbuilding facilities—signals a concerted effort to bolster militarization, a move that may aid in entrenching authoritarian power structures.
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SABOTEUR
Philly Shipyard is currently rated as a Saboteur.
Latest Events
- MAR042025
Philly Shipyard, as part of Hanwha Group, is indirectly implicated in a broader strategy to expand global defense capabilities. The recent capital raise by Hanwha Aerospace—which includes plans to invest in overseas shipbuilding facilities—signals a concerted effort to bolster militarization, a move that may aid in entrenching authoritarian power structures.
- AUG312024
Philly Shipyard, recently acquired by Hanwha Group, has secured a major US Navy maintenance contract. While the deal is touted as a boost for American naval readiness and job creation in Philadelphia, critics from an anti-fascist perspective argue that this development deepens the military‐industrial complex and reinforces state power that can enable authoritarian practices.
+10
Business Practices and Ethical Responsibility
March 20
Philly Shipyard’s expansion is seen as beneficial for local labor and revitalizing domestic shipbuilding, which in a traditional view supports worker rights and economic recovery. However, from a left-leaning anti-fascist perspective, leveraging this expansion to secure lucrative defense contracts raises concerns about endorsing the military-industrial complex, which can indirectly support authoritarian state mechanisms.
Philly Shipyard’s Transformation: How Hanwha’s Investment Is Driving U.S. Navy Readiness
-50
Economic and Structural Influence
March 20
The defense contract awarded to Philly Shipyard strengthens its economic ties with the US state by deepening its involvement in the military-industrial complex. From a critical anti-authoritarian perspective, such economic collaboration is worrisome as it potentially reinforces state militarism and diminishes the capacity for democratic oversight, thereby indirectly contributing to authoritarian practices.
Philly Shipyard’s Transformation: How Hanwha’s Investment Is Driving U.S. Navy Readiness
- DEC012023
Philly Shipyard has issued a comprehensive policy for its labor suppliers that emphasizes strict adherence to human and labor rights. The policy forbids forced and child labor, promotes non-discriminatory practices, and requires compliance with applicable U.S. labor laws. This initiative reflects a proactive stance on ethical labor practices and responsible supply chain management, aligning with anti-authoritarian and anti-fascist values.
+85
Labor Relations and Human Rights Practices
March 20
Philly Shipyard's policy demonstrates a robust commitment to human and labor rights by explicitly forbidding forced labor, child labor, and other exploitative practices. By requiring suppliers to comply with U.S. labor laws and promoting worker safety and union rights, the company sets high ethical standards in labor practices, countering actions that could support authoritarian exploitation.
+80
Supply Chain Ethics
March 20
The policy not only sets high standards for internal employment practices but also extends these expectations to the supply chain. By mandating that suppliers observe strict labor laws and ethical standards, Philly Shipyard enhances supply chain transparency and reduces the risk of complicity in human rights abuses, contributing to an overall ethical business practice.
- FEB092023
Philly Shipyard has secured improved labor relations by ratifying a new four-year collective bargaining agreement with the Philadelphia Metal Trades Council, reinforcing its commitment to fair treatment, union engagement, and apprenticeship programs.
+80
Labor Relations and Human Rights Practices
March 20
The ratification of the new collective bargaining agreement highlights Philly Shipyard's commitment to robust labor rights and fair treatment of its employees. By securing negotiations with union representatives across nine unions, the company demonstrates strong support for worker representation and long-term stability through its apprenticeship program. These actions signal positive business practices that empower labor forces and resist exploitative work conditions, aligning with anti-authoritarian values.
Philly Shipyard unions ratify new 4-year collective bargaining agreement
- FEB082023
Philly Shipyard has ratified a four-year collective bargaining agreement with the Philadelphia Metal Trades Council, reinforcing its commitment to positive labor relations and fair worker treatment.
+80
Labor Relations and Human Rights Practices
March 20
The ratification of the four-year collective bargaining agreement demonstrates Philly Shipyard's strong commitment to labor rights and supports fair treatment of workers. By collaborating with the Philadelphia Metal Trades Council and securing competitive compensation and benefits for its employees, the company sets a positive precedent in labor practices, thereby reducing its complicity in authoritarian labor exploitation.
Philly Shipyard Announces Ratification of Four-Year Collective Bargaining Agreement
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Industries
- 332312
- Fabricated Structural Metal Manufacturing
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- Ship Building and Repairing
- 331528
- Other Nonferrous Foundries (except Die-Casting)