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Jeong Sup Shim News

03 Sep 2015

Hanjin Rolls Out First Philippine-made LPG carrier

Hanjin Heavy Industries and Construction Philippines (HHIC-Phil), which operates the world's fourth shipbuilding facility in Subic Freeport Zone, unveiled the first-ever Philippine-made Liquefied Petroleum Gas (LPG) carrier. The ship was ordered by Belgian shipping company Exmar Shipping BVBA and was christened as “Kaprijke” by company owner Saverys family. The vessel, which will enter the TGP-Exmar Joint Venture fleet, is part of a large ship building initiative in the Philippines. The LPG carrier measures 180 meters in length, 29.4m in breadth and 18m in depth. Construction of the LPG carrier began in June of last year. Previously announced in December 2012…

28 Nov 2007

Hanjin to Invest in Another Shipbuilding Facility

Hanjin Heavy Industries and Construction Corp. will invest $2b in a new shipyard complex in Mindanao, its second in the Philippines after putting up a similar facility in Subic last year. President Gloria Macapagal Arroyo met with Hanjin president Jeong Sup Shim at the Palace yesterday where she was informed of the latest investment in Misamis Oriental. The money committed by Hanjin in Mindanao surpasses its capital inflow in Subic last year, which made Korea the single-biggest source of foreign direct investment in 2006. Presidential Management Staff head Cerge Remonde said the Mindanao shipyard would be two times bigger than the complex of Hanjin in Subic. The new facility will be constructed at the Phividec Industrial Estate in the towns of Tagoloan and Villanueva.

29 Sep 2006

Arroyo Inspects Shipbuilding Facility

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.