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

Shipbuilding

Naming Ceremony of Evergreen's EVER LYRIC

Evergreen Group today held the naming ceremony for EVER LYRIC, the eighth of its L-type vessels built by CSBC Corporation in Taiwan. The ceremony took place

Seaspan Takes Delivery of New Containership

Seaspan Corporation (SSW) has accepted delivery of a 14000 TEU containership, the YM Wellhead.    The new containership, which was constructed at Hyundai Heavy Industries Co.

'Make in India’ - the Newbuzzword in Indian Shipping Sector

The Prime Minister Narendra Modi's  'Make in India’ initiative offers a plethora of opportunities in the maritime sector, particularly in shipbuilding, with the

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Sonar
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: 0.1088 sec (9 req/sec)