Today, 22 November, Philly Shipyard ASA reported that GLDD had filed a complaint and motion against its subsidiary Philly Shipyard, Inc. (PSI) seeking injunctive relief with respect to certain actions related to the project execution plan for the construction of the SRIV.

The company further reported that its sole operating subsidiary PSI continues production activities on the SRIV, NSMVs 3, 4 and 5, and CV 1, and that it is still expected that the transaction with Hanwha regarding the purchase of PSI will close during the fourth quarter of 2024.