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

Shipbuilding

Hyundai Heavy Delivers 2,000th Ship

Hyundai Heavy Industries (HHI) has become the world's first shipbuilder to deliver its 2,000th ship. The world's largest shipbuilding company delivered a drillship, "Ocean BlackLion," to U.

DNV GL’s Synergi to Manage Siem Offshore Newbuilding Projects

Siem Offshore has chosen DNV GL’s Synergi Project to manage nine newbuilding projects. Synergi Project software The software is used to optimize the collaboration

Bahri Inks Contracts with Hyundai to Build 5 VLCCs

The National Shipping Co. of Saudi Arabia (Bahri) signed contracts on Thursday with Hyundai Samho Heavy Industries (HSHI) to build five very large crude carriers (VLCCs),

 
 
Maritime Careers / Shipboard Positions Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar 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: 0.1172 sec (9 req/sec)