Author Topic: Hanjin heavy opens first phase of $1.6-B subic shipyard operations  (Read 7330 times)


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Hanjin Heavy opens first phase of $ 1.6-B Subic shipyard operations

Bernie Cahiles-Magkilat

Hanjin Heavy Industries and Construction Corporation yesterday opened for commercial operation the first phase of its $ 1.6 billion shipyard project at Subic’s Redondo Peninsula.

The inauguration was graced by vice-president Noli de Castro.

"Hanjin has been involved in the construction of, among others, highways, airports, and bridges in the Philippines for the last 30 years. That is why Hanjin has a good relationship with our government," De Castro said.

By 2010, Hanjin plans to employ 20,000 people.

Phase 1-1 of the Subic shipyard project involved the completion of key structures within the shipyard that are needed in ship production.

These structures include a dry-dock facility, hull shop buildings, a four-story administration building, a three-story production and design building, field offices, catering center building, and a guest house.

After a brief tour of the hull shop buildings where vice president De Castro took time to talk to Filipino workers, a formal opening ceremony was held in at the Hanjin hillside "guest house" — a modest name for an avant-garde manor inside the shipyard complex, where Hanjin’s European clientele, and, incidentally, government officials, were treated to a banquet and a panoramic view of the Hanjin shipyard complex.

Among those invited to the occasion were South Korean Ambassador Jong Ki Hong, Secretary Edgardo Pamintuan of the SubicClark Area Development Council (SCADC), Trade Undersecretary Elmer Hernandez, Bataan Governor Enrique Garcia, Olongapo City Mayor James Gordon Jr., Subic, Zambales Mayor Jeffrey Khonghun, Subic Bay Metropolitan Authority (SBMA) Chairman Feliciano Salonga, SBMA Administrator Armand Arreza, and Central Luzon Police Director Errol Pan.

In the same occasion, Hanjin chairman Nam Ho Cho acknowledged "the noble efforts by the Philippine government, especially SBMA Chairman Salonga and SBMA Administrator Arreza, in supporting the company’s business endeavors."

Aside from the Subic facility, Hanjin is investing an additional $ 2 billion for another shipyard in Tagoloan, Misamis Oriental.

For its Subic project, Hanjin had initially earmarked $ 1 billion as capitalization for a world-class shipbuilding facility to produce some of the world’s largest sea vessels, including liguefied natural gas (LNG) supertankers, very large crude carriers (VLCCs), and container ships.

In June this year, Hanjin officials announced that the firm will invest $ 684 million on top of its original commitment to cover costs for several ship orders it has received.

So far, the Subic operation has pending orders for 40 units of cargo vessels including two tankers, each weighing 75,000-100,000 deadweight tons.




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Hanjin Heavy opens first phase of $ 1.6-B Subic shipyard operations
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Re: Hanjin heavy opens first phase of $1.6-B subic shipyard operations
« Reply #1 on: April 24, 2008, 08:31:06 PM »
ships build are starting to roll out........congratulations......more ships to come.

Hanjin launches 1st ocean-going container carrier built in Subic

By Bebot Sison Jr.
Friday, April 25, 2008
SUBIC BAY FREEPORT — In less than two years after the groundbreaking of its shipyard at the Redondo Peninsula here, Hanjin Heavy Industries Corp.-Philippines (HHIC-Phil) has launched the first container ship ever to be built in the Subic Bay Freeport.

According to Subic Bay Metropolitan Authority (SBMA) Feliciano Salonga, the vessel which is worth $60 million, was launched less than a year after Hanjin cut the steel used in shipbuilding at its shipyard here.

“It’s a remarkable achievement, considering that other ship builders would have taken at least 18 months after cutting the steel, to launch the same size of ship,”Salonga told The STAR yesterday.

Salonga said the ship is temporarily named PN-001 but it will be formally named by President Arroyo in June after completing its outfitting sea trials.

After the naming ceremony, the ship will be delivered officially to its Greek owner, the Dioryx  Maritime  Corp.

Salonga said the ship is designed for an optimum speed of 24.5 knots, or more than 45 kph.

“This is considered fast for sea-going commercial vessels,” said Salonga who, aside from being the father of famous stage and movie actress Lea Salonga, now considers himself the proud father, along with HHIC-Phil president Jeong Sup Shim, of PN-001.

Salonga said PN-001 will be the first of 16 container vessels of similar specifications to be built by Hanjin in Subic.

With the price of $60 million per ship, Salonga said the 16 ships ordered from Hanjin would cost a total of close to $1 billion.

Salonga said since about 40 percent of ship costs is spent on manpower, this means that about $400 million will go to salaries of workers at the Hanjin shipyard.

“This is a huge contribution to the local economy,” he added.

Salonga also said the critics of the controversial Hanjin apartment complex being built in the former US Navy ammunition depot in the forest of the Subic Bay Freeport should realize Hanjin’s economic contribution.

“For the Monday morning quarterbacks who have been busily kibitzing about Hanjin’s apartment complex, it is another case of the need to break eggs in order to make omelets,” Salonga said.

Hanjin, which is based in South Korea and now the fourth biggest shipbuilder in the world, is also the biggest investor here in Subic after it put up $1.7 billion for its shipyard project.

It now employs more than 10,000 workers, aside from those hired by its sub contractors.

Hanjin officials said the controversial $20-million apartment complex that the company is building in the Cubi-Triboa district here will be for the use of its Korean employees and their families, as well as some Filipino staff.


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Re: Hanjin heavy opens first phase of $1.6-B subic shipyard operations
« Reply #2 on: May 18, 2008, 11:35:52 PM »
Hanjin’s first Subic-made ship to undergo trials May 27

Monday, May 19, 2008
SUBIC BAY FREEPORT – Eight months after the keel was laid, the first oceangoing vessel built here by Hanjin Heavy Industries Corp.-Philippines (HHIC-Phil) is set to undergo sea trials this month prior to its delivery in June this year.

Pyeong Jong Yu, Hanjin’s Outside Business Department manager, said the South Korean shipbuilder recently completed outfitting the ship, a 41,000-ton cargo carrier M/V Argolikos, which has been ordered by the Greek shipping company Dioryx Marine Corp.

“We are proud that our first vessel built within the Subic Bay Freeport Zone will be undergoing sea trials on May 27 this year,” Yu said in a letter to the Subic Bay Metropolitan Authority (SBMA).

The first Subic ship has already received certifications, including an Attestation Certificate from Bureau Veritas (Ship Surveyors) on April 30, a Cargo Ship Safety Equipment Certificate, a complete crew list, and a Certificate of Competency of the Korean crew issued by the Busan Regional Maritime Affairs and Fisheries Office, Yu said.

According to its Cargo Ship Safety Equipment Certificate from Bureau Veritas, the ship has a gross weight of 41,000 tons, is 258.9 meters long, 32 meters wide and 19 meters high.


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Re: Hanjin heavy opens first phase of $1.6-B subic shipyard operations
« Reply #3 on: June 04, 2008, 12:27:43 AM »
First ship made in Subic passes sea trial

By Ric Sapnu
Wednesday, June 4, 2008

SUBIC BAY FREEPORT – M/V Argolikos, the first ship to be built in this freeport, not only passed its recent test for seaworthiness, but also performed “well beyond expectations.”

Pyeong Jon Yu, an executive of South Korean shipbuilder Hanjin Heavy Industries Corp.-Philippines, said the $60-million container carrier successfully passed the required sea trial prior to its delivery this month.

In a letter to Subic Bay Metropolitan Authority chairman Feli­ciano Sa-longa, Yu said the sea trial last May 27-29 was witnessed by representatives of Dioryx Maritime Corp., the Greek shipping firm that ordered the vessel, and Bureau Veritas, a Paris-based conformity assessment, certification and inspection and testing firm.

“It is worthy to note that the required speed as per contract is 24.5 knots, but the ship’s actual speed is 24.6 knots,” Yu said.

“We are pleased to inform you that the owner’s representative on board, and Bureau Veritas remarked that the ship performed well beyond their expectations,” he said.

The M/V Argolikos has a gross weight of 41,000 tons, and has a length of 258.9 meters, width of 32 meters, and height of 19 meters.

Prior to the sea trial, the container ship has been issued an attestation by Bureau Veritas, Yu said.

Hanjin also secured a cargo ship safety equipment certificate, a complete crew list, and a certificate of competency of the Korean crew from the Busan (Korea) Regional Maritime Affairs and Fisheries Office, Yu added.


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Re: Hanjin heavy opens first phase of $1.6-B subic shipyard operations
« Reply #4 on: July 04, 2008, 07:05:20 PM »
and there it sails........

RP’s 1st container ship launched
GMA christens ‘MV Argolikos’ at Subic rites
RP’s first big ship christened, launched at Subic


SUBIC BAY FREEPORT – "I name this vessel Argolikos, and may God bless this vessel and all who sail in it."

With these words, President Gloria Macapagal Arroyo christened the first Philippine-made container vessel built by Korean shipbuilding giant Hanjin Heavy Industries Corp. Philippines (HHIC-Phil.) in this premier freeport yesterday.

President Arroyo led the naming ceremony for the MV Argolikos, named after the Argolic Gulf on the east coast of Peloponnese in Greece.

"Congratulations to Hanjin for this milestone achievement in shipbuilding," she said.

The President also congratulated the Dioryx Maritime Corporation for buying the first ship from Hanjin-Philippines, adding that this is just the first of six cargo ships that the company has ordered amounting to around half a billion dollars.

"Today, we see the first fruit of Hanjin’s investment in this shipyard and we are elated and proud. Hanjin is helping secure our country’s place as an attractive investment destination. It is a display of our countrymen’s skills and work ethic," Mrs. Arroyo said.

The President said the MV Argolikos, estimated at $ 60 million, is a "marvelous showcase of sound engineering and design" after it was completed six months ahead of schedule. The vessel is 258.9 meters long, 32 meters wide, 19 meters high, and sails at 24.6 knots.

She congratulated the Filipino workers who helped build the large container ship, saying Filipinos are now known as brilliant builders of sea vessels apart from being just first-rate seamen in the world.

"It brings pride to its creator. It brings pride to us as the host of its creation. The MV Argolikos shows off to the whole world the excellence of the Filipino workforce in building vessels sailing the seven seas," she added.

Despite complaints about the death of some workers, dislocation of communities, and degradation of environment in some parts of Zambales, the President praised Hanjin for its sustained investments in the country, including its planned shipyard operations in Mindanao.

Mrs. Arroyo recalled that Hanjin built its $ 1.7-billion shipyard in Subic in June, 2005, which gave "a massive boost" to the country’s bid to be the best value for investment in Asia.

"We are happy to hear that at the end of the day, Hanjin will have created at least 21,000 new jobs here," she said.

The President said she looks forward to the five other ships that will be built at the Hanjin shipyard.

She added that Hanjin’s presence at the ClarkSubic corridor has helped it become a competitive logistics hub in the region. The Clark-Subic corridor, located along the Luzon Urban Beltway, generates 55 percent of national economic production.

"The biggest challenge of this beltway is to remain competitive," she said, citing the development of the Subic-Clark expressway, Clark International Airport, and the Subic International Airport.

In the same ceremony, Hanjin donated R1.2 million to the victims of typhoon "Frank" that struck the Philippines two weeks ago.

Subic Bay Metropolitan Authority (SBMA) Administrator Armand Arreza said that the launching of the biggest ship made in the Philippines is an indication that Subic Freeport is geared to becoming the country’s premier shipbuilding and ship repair area.

SBMA Chairman Feliciano Salonga said that after the christening, the 41,000-ton container vessel will be delivered to Dioryx Maritime Corp. Chairman Dimitri Papadimitriou.

Also on hand for the occasion were Korean Ambassador Jong Ki Hong and Greek Ambassador Georges Chrysostomos Nicolaidis.

The two ambassadors were welcomed at the Hanjin shipyard by HHIC-Phil Chairman Nam Ho Cho, HHIC-Phil President Jeong Sup Shim, Secretary Edgardo Pamintuan of the Subic-Clark Alliance for Development (SCAD), Zambales officials, and SBMA officials led by Salonga and Arreza.

The ship underwent the required sea trials on May 27-29, and "performed well beyond expectations," said Pyeong Jong Yu, head of HHIC-Phil’s Outside Business Department.

Yu also said that prior to the sea trial, the vessel had been issued an attestation from the Bureau Veritas, a vessel certification agency.

Hanjin has secured for the ship a Cargo Ship Safety Equipment Certificate, a complete crew list, and a certificate of competency for the Korean crew from the Busan Regional Maritime Affairs and Fisheries Office, Yu added.

Salonga said the MV Argolikos made local maritime history when it was completed six months ahead of schedule after the keel was laid in September last year.

He added that while Cebu was ahead of Subic in shipbuilding, after its Japaneseowned shipyard in Balamban began building ships in 1994, the largest ships will be built in the Subic Bay Freeport.

"This is where big ships for export to other countries will be made," he said.

Salonga also said that the Argolikos is the first of six units of container vessels lined up for delivery to Dioryx starting 2009.

He added that HHIC-Phil is also eyeing the manufacture in Subic of some of the largest container ships in the world, with gross tonnage of more or less 100,000 tons.

President Arroyo ended her speech with "Kamsahamida!" which simply means thank you in Korean.

President Gloria Macapagal-Arroyo leads the naming ceremony for the M/V Argolikos, the first ship to be built in the Subic Freeport Zone held Friday (July 4) at Green Beach, Redondo Peninsula, Sitio Agusahun, Brgy. Cawag, Subic Bay Freeport Zone. Behind the President in photo is Mr. Nam Ho Cho, chairman of HHIC. (Edwin Paril-OPS/NIB Photo)
« Last Edit: July 04, 2008, 07:27:54 PM by pearl21 »


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Re: Hanjin heavy opens first phase of $1.6-B subic shipyard operations
« Reply #5 on: September 02, 2008, 07:31:14 PM »
Argolikos sister ship (Turquoise) to set sail soon......

Hanjin launches 2nd Subic-made ship

By Bebot Sison Jr.
Wednesday, September 3, 2008

SUBIC BAY FREEPORT – South Korean shipbuilder Hanjin Heavy Industries Corp. Philippines launched Saturday, the second container vessel to be made in this free port – just over a month after it delivered the first ship order, the MV Argolikos, to its Greek owner on July 4.

The vessel, which is also a 4,300-TEU (20-foot equivalent) container ship, was towed from Hanjin’s Drydock 5 to the shipyard’s quayside where it will sit for three months as electrical systems and other facilities are installed prior to its sea trial.

The ship, which has a market value of about $60 million, will be called the CMA CGM Turquoise.

It will also be delivered to the Dioryx Maritime Corp., a Greek shipping company that bought MV Argolikos.

According to HHIC-Philippines officials, productivity in the Hanjin shipyard here is fast catching up with South Korea’s.

“Filipinos learn fast ‑ now they are experts,” said Hanjin quality assurance director Yoonha Kim.

He said that Filipino workers displayed “world-class efficiency” when hull construction and engine installation for the Turquoise was undertaken within the standard Hanjin timetable of 13 months.

Kim said the completion of the second vessel showed the increased efficiency and technical know-how of Filipino workers when compared to the construction of the MV Argolikos, which took 14 months.

“Our goal is to be at par with our South Korean counterparts in terms of efficiency and quality of work,” Kim said during the launching that was witnessed by other Hanjin officials, representatives of Dioryx, and the Paris-based conformity assessment, certification, inspection and testing firm Bureau Veritas.

The skills of Filipino workers at Hanjin’s shipyard here was earlier praised by President Arroyo when she called the Argolikos “a showcase of excellence for Filipino ship workers” during the ship’s formal naming ceremony in July.

Arroyo also said that the $1.7-billion Hanjin shipyard here is “a massive boost” to the country’s bid to be the best value for investment in Asia, with projected jobs expected to reach 21,000 during full operations.

Additionally, Capt. Thanos Gonis of Dioryx expressed satisfaction with Hanjin’s work, saying they have not experienced any problem with MV Argolikos, which has just finished its first round trip under the chartering of CMA CGM, the biggest container transportation and shipping company in France.

“We’re still waiting up to project No. 6,” said Gonis, whose firm has ordered from Hanjin six container vessels, each with a capacity of 4,300 TEUs, a gross weight of 41,000 tons, and measuring 258.9 meters in length, 19 meters high, and 32 meters wide.

Aside from container vessels, Hanjin will start building oil tankers and bulk carriers next year, Kim also announced.


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Hanjin to build VLCC's in Subic
« Reply #6 on: September 10, 2008, 03:09:04 AM »
Shipyard builds large oil tankers in Subic, a first in RP history

09/10/2008 | 05:32 PM

MANILA, Philippines - A South Korean shipbuilder will construct two Very Large Crude Carriers (VLCCs) in Subic Bay, allowing the company to build large oil tankers for the very first time.

Besides being a first in the history of Philippine maritime construction, the $330 million project comes after the company built two ships in its local shipyard, one in July and another in August.

The $330-million initiative will build two oil tankers for Emarat Maritime LLC (EML) of the United Arab Emirates, the Philippine unit of Hanjin Heavy Industries & Construction (HHIC) said. An agreement for the project was already signed last September 3 between EML President Jitendra Misra and HHIC Philippines President Kyu-Won Park.

Each 320,000-ton ship will be 333 meters long, 60 meters wide and 30.5 meters deep, with speed of up to 16 knots. These vessels will feature double-hulls to comply with international maritime standards and will be delivered in June 2011.

The project also signifies the shipyard’s entry into large vessel production.

“We don’t have the space requirements in South Korea, so it is only here in Subic that we can build these huge carriers," PJ Yu, Hanjin’s business department head, said. He added that the dry dock—to be completed in December—will be able to accommodate VLCCs, which measure 550 meters long and 135 meters wide.

Hanjin has secured ship construction deals worth $630 million, including a bulk carrier for Sealink Shipping of Hong Kong on August 27, and two bulk ships for German-based MPC Steamship on the same date.

Hanjin’s new project is expected to accelerate Subic Bay’s recognition as a “world-class shipyard," Armand Arreza, Subic Bay Metropolitan Authority Administrator said. - GMANews.TV
…The Filipino, it seems, has lost his soul, his dignity, and his courage. We have come upon a phase of our history when ideals are only a veneer for greed and power, (in public and private affairs) when devotion to duty and dedication to a public trust are to be weighted at all times against private advantages and personal gain, and when loyalties can be traded. …Our government is in the iron grip of venality, its treasury is barren, its resources are wasted, its civil service is slothful and indifferent, its armed forces demoralized and its councils sterile., We are in crisis...

President Ferdinand Edralin Marcos

"Taking into account the disadvantages they have to fight against in terms of arms, equipment and military discipline, without artillery, short of ammunition, powder inferior, shells reloaded until they are defective, they are the bravest men I have ever seen...

General Henry W. Lawton on the Filipino Soldier

"Better to have it and not need it than need it and not have it"


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Hanjin Phil: Sea trials
« Reply #7 on: December 08, 2009, 01:14:30 AM »
NUMBER 185-2009
05 December 2009

Notice is hereby given to all mariners and other parties concerned that:

1. Per letter from Taek Kyun Yoo, General Manager External Trade HHIC-Phil.Inc., a newly constructed vessel by HHIC-PHIL Inc. will conduct sea trial on December 07 to 09, 2009 at area bounded by the following coordinates:

. . .

2. In this connection, all ships/watercrafts transiting the above mentioned area are advised to take necessary precautionary measures.

3. The cooperation of all concerned in effecting widest dissemination of this information is requested.
The campaign to establish a Philippine equivalent to DARPA / DAPA / DSTA:

Don't get mad at China. GET EVEN. Join the movement to defy a Chinese "order".


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Re: Hanjin heavy opens first phase of $1.6-B subic shipyard operations
« Reply #8 on: December 11, 2009, 07:41:56 PM »
Wow, if the AFP has funds, they cam build the Frigates or Destroyers the PN will get c",)

The EE-T4 Reccon Vehicle is a brilliant vehicle. Quick, light armored and have it armed with a RCWS equipted with a 0.50 cal HMG and 40mm AGL combo i'm ganna be happy with it. Better yet install a 20-25mm RCWS with a co-axial 7.62mm MG to it, Hell… just perfect for the Philippine Army.

Weisel is cute but the EE-T4, makes you go Wow!!! Send a pack of them and they could drive fast and deep into the Philippine Jungle and we could clear the rebels alot sooner. Hopefully the GA or PA R&D looks into this vehicle and craft our own version of the EE-T4, calling our version "Daga" would be fitting.

Ever see a pack of rats converge on unattended meal, a sight of the EE-T4 RP version moving in would give any rebel LBM.

Bunker Buster

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Re: Hanjin heavy opens first phase of $1.6-B subic shipyard operations
« Reply #9 on: December 12, 2009, 12:17:56 PM »
First to fight for rights and freedom-USMC Semper Fi!


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Re: Hanjin heavy opens first phase of $1.6-B subic shipyard operations
« Reply #10 on: December 12, 2009, 02:43:12 PM »
This will generate alot of jobs for our kababayans over there which is great.
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Re: Hanjin heavy opens first phase of $1.6-B subic shipyard operations
« Reply #11 on: December 12, 2009, 03:40:07 PM »
^^^yup more employment means more people to be fed.  :beer:
"Until philosophers rule as kings or those who are now called kings and leading men genuinely and adequately philosophies, that is, until political power and philosophy entirely coincide, while the many natures who at present pursue either one exclusively are forcibly prevented from doing so, cities will have no rest from evils,... nor, I think, will the human race." - Plato

"Only the dead have seen the end of war." -Plato



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Re: Hanjin heavy opens first phase of $1.6-B subic shipyard operations
« Reply #12 on: December 18, 2009, 11:14:41 AM »
What would be interesting to see is what effects this would have in other local industries. Perhaps they'll start using Philippine made steel or other Philippine made equipment- more demand, bigger production leading to more employees and more money coming into our economy.
We saw the lightning and that was the guns and then we heard the thunder and that was the big guns; and then we heard the rain falling and that was the blood falling; and when we came to get in the crops, it was dead men that we reaped.  ~Harriet Tubman


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Re: Hanjin heavy opens first phase of $1.6-B subic shipyard operations
« Reply #13 on: January 10, 2010, 02:05:30 AM »
Hanjin completes first oil tanker made in the Philippines
John Bayarong
01/09/2010 | 02:38 PM

SUBIC BAY FREEPORT — South Korean shipbuilding giant Hanjin Heavy Industries Corp.- Philippines (HHIC) completed and unveiled the first-ever oil tanker made in the country worth US$ 68 million.

Named Leyla K by its Turkish owner Kaptanoglu Shipping Line, the 114,000-deadweight ton tanker is the biggest oil tanker made in the country.

Leyla K measures 241.3-meters in length and 44-meters in breadth. The first steel for the ship was cut in November 2008, while its keel was laid in May 2009. The ship was launched last October.

"Big league of shipbuilding"

Subic Bay Metropolitan Authority (SBMA) chairman Feliciano Salonga, who witnessed the recent naming ceremony along with SBMA administrator Armand Arreza and Zambales Gov. Amor Deloso, congratulated Hanjin and the Filipino workers who built the tanker.

“Subic Bay Freeport is now in the big league of shipbuilding," Salonga said.

The naming ceremony was also attended by HHIC-Philippines president Seung Chil Lee and staff, representatives of the ship classification society Lloyd Register, and officers of the Turkish shipping line Kaptanoglu, headed by Engin Kaptanoglu, who ordered the vessel from Hanjin.

Salonga the production of this first oil tanker marks a new era for Subic .

“I won’t be surprised if (Hanjin) will start constructing several oil tankers at the same time. Our Filipino workers are getting the hang of shipbuilding, and it won’t be long before Filipino shipbuilders will be famous in this industry," Salonga added.

The $1.7-billion Hanjin shipyard in the Subic Bay Freeport is now the world’s fourth largest shipbuilding facility and currently employs 17,000 workers.

36 more vessels by 2012

SBMA records showed that said that as of end-2009, Hanjin has produced eight container and bulk vessels. By 2012, Hanjin is due to deliver 36 more vessels to customers from all over the world.

Hanjin started constructing its Subic shipyard on February 2006 and delivered its first product in July 2008 — the 4,300-TEU container ship “Argolikos."

Hanjin’s first ship was delivered to the Greek shipping company Dioryx.


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Re: Hanjin heavy opens first phase of $1.6-B subic shipyard operations
« Reply #14 on: January 12, 2010, 07:38:54 AM »
Hanjin Subic Shipyard bags another contract
(The Philippine Star) Updated January 12, 2010 12:00 AM 

MANILA, Philippines - Hanjin Heavy Industries and Construction-Philippines, Inc. (HHIC-Phil. Inc.), the largest shipbuilder in the Philippines, bagged another contract with a Taiwanese shipping company Hsin Chien Marine Co., Ltd. To build two 180K Cape Size bulk carrier vessels.

The vessels to be built in Hanjin Subic Shipyard are due for delivery on a staggered basis starting in September 2011.

Despite stiff competition and a dwindling market for shipbuilders, HHIC-Phil. Inc. won the contract due to its well-trained workforce, state-of-the-art technology, highly efficient shipbuilding processes, and high quality of workmanship. These circumstances laid the foundation for highly cost-efficient vessels.

With its 17,000-strong workforce, HHIC-Phil., Inc. already expanded its operations by producing 10,000 TEU and 4,000 TEU container ships, tankers and bulk carriers. It will gradually undertake the construction of 260K CBM (Q-Max Class) LNG carriers, drill ships, FPSO and marine plants.

Strategically located in the Subic Bay Freeport Zone, Hanjin has two large dry docks with each dry dock equipped with two Goliath cranes. Its quay wall a span of four kilometers and its assembly shop is about a kilometer long.

Early this month, HHIC-Phil. Inc. unveiled its first-ever oil tanker manufactured in its Philippines shipyard. The 114K DWT crude oil tanker named Lela K is the largest oil tanker ever build in the Philippines.

The construction of HHIC-Phil. Inc.’s shipyard started last February 2006 and its successful construction has produced one of the biggest shipyards in the world with standing shipbuilding orders due for delivery for the next two and a half years so far.