Marine Link
Saturday, December 3, 2016

Arroyo Inspects Shipbuilding Facility

September 29, 2006

Philippine President Gloria Macapagal-Arroyo inspected the ongoing construction in Subic Bay, Zambales of the biggest shipbuilding facility in Asia. The President arrived at and inspected the construction works at the Hanjin Heavy Industries and Construction Company (HHIC) shipyard located in Agusuhin, Redondo Peninsula, about 45 minutes by ferry from the Subic Bay Freeport. Among those who welcomed the President were HHIC chairman Cho Nam Ho, HHIC president Lee kang Rok, HHIC-Philippines president Jeong Sup Shim, Zambales Governor Vic Magsaysay, Bataan Governor Enrique Garcia, Pampanga Governor Mark Lapid, Olongapo City Mayor James Gordon Jr., Subic Mayor Jeffrey Khonghun, and Korean Ambassador Jong Ki Hong.

With the President were Finance Secretary Margarito Teves, Public Works Secretary Hermogenes Ebdane, Trade Secretary Peter Favila, Presidential Chief of Staff Mike Defensor, and Presidential Management Staff (PMS) Chief Arthur Yap. HHIC, considered as one of the world’s largest shipbuilders, signed last March a US$1 billion lease agreement with the Subic Bay Metropolitan Authority (SBMA) for the construction of a 480-hectare shipyard at the Redondo Peninsula. The President said South Korea’s Hanjin is the biggest investor in the country in the first quarter of this year, putting in some $250m of their $1b total investment upon completion of their world-class facility by 2011. Source: SunStar



 
Maritime Reporter Magazine Cover Nov 2016 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News