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 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Brazilian Police to Probe Nuclear Submarine Program

Brazilian federal police are investigating potential irregularities in a military program that aims to build a nuclear-powered submarine in partnership with France by 2023, newspaper Folha de S.

General Dynamics Tops Q2 Estimates

General Dynamics Corp, a maker of ships, tanks and business jets, reported higher-than-expected quarterly earnings and revenues on Wednesday, and sharply raised its outlook for full-year profit.

Eastern Launches Second MPSV for Hornbeck

Eastern Shipbuilding Group, Inc. has launched the second of two 302’x76’x26’ multipurpose service vessels in the HOSMPSV 310ES series for Hornbeck Offshore Services, LLC.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.1144 sec (9 req/sec)