Hanjin to Build Shipyard in Philippines

Monday, January 14, 2008
According to Reuters, Hanjin Heavy Industries has entered into an agreement to build a $2b shipyard in the southern Philippines, its second yard in the country, a state agency said on Friday. The second shipyard will rise in a 441.8-hectare lot inside the Phividec Industrial Estate in the southern province of Misamis Oriental and is expected to be completed in 2017. The new facility will have a capacity of 830,000 tonnes per year when completed, the Phividec Industrial Authority said in a statement.

The agreement was signed by Hanjin and Phividec officials on Thursday, it said. Hanjin will be allowed duty-free importation of capital equipment and income tax holidays since it is located in the Phividec ecozone area. Hanjin's Subic facility has received orders for 28 container vessels, three bulk carriers and two oil tankers as of June last year.

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

GTT Wins DSME Order for 9 More Icebreaking LNGCs

Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of Liquefied Natural Gas (LNG), announced

Volvo Penta Diesel Sterndrives for Metal Shark Patrol Boats

Metal Shark now offers Volvo Penta diesel sterndrives in its 29 Defiant patrol boats for customers requiring optimum performance, durability and maneuverability.

More VDR Orders for Danelec in China

Danelec Marine has received orders to supply Voyage Data Recorders (VDRs) and Electronic Chart Display and Information Systems (ECDIS) for 18 offshore support vessels in China.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1262 sec (8 req/sec)