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“Shipbuilding is a national security necessity. The U.S. needs to be able to secure our own commerce. We need to be able to export our own energy,” says Michael Coulter, president and CEO of Korean-owned Hanwha Defense USA, which bought a U.S. shipyard in 2024.

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The Trump Administration says that America’s lack of ship building is a “National Emergency” “China makes roughly 1,000 cargo ships a year, the US, maybe 3” “Shipbuilding is a national security necessity. The US needs to be able to secure our own commerce. We need to be able to export our own energy. We are in a shipbuilding crisis in the United States, and every American should be aware of that.”
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The Trump Administration says that America’s lack of ship building is a “National Emergency” “China makes roughly 1,000 cargo ships a year, the US, maybe 3” “Shipbuilding is a national security necessity. The US needs to be able to secure our own commerce. We need to be able to export our own energy. We are in a shipbuilding crisis in the United States, and every American should be aware of that.”

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Michael Coulter, President and CEO of Hanwha Defense USA: "We’re very grateful for the opportunity to build the radar ships that you announced today... our shipyard in Korea puts out about one ship a week. We have a plan to bring that capability to Philadelphia." 🇺🇸
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Michael Coulter, President and CEO of Hanwha Defense USA: "We’re very grateful for the opportunity to build the radar ships that you announced today... our shipyard in Korea puts out about one ship a week. We have a plan to bring that capability to Philadelphia." 🇺🇸

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The U.S. Navy needs more submarines as its fleet ages and shipyards struggle to keep up with demand. “The submarine program in the United States is heading in the wrong direction, and we think we can help,” says Hanwha executive Michael Coulter.
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