Hanjin Subic Shipyard bags another contract

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.