30 April 2012

Hanjin, Huntington ink US Navy service deal

HHIC Philippines Inc. (HHIC-Phil), a unit of South Korean shipbuilder Hanjin Heavy Industries and Construction Co. Ltd., is partnering Amsec Llc of the United States to provide maintenance, repair, and logistics services to the US Navy and other customers in the Western Pacific region.

HHIC-Phil signed recently with Amsec, a subsidiary of the largest US naval shipbuilder, Huntington Ingalls Industries, an agreement that will enable Hanjin’s subsidiary to diversify its operations at Subic Bay leveraging on its investment and increasing long-term revenue stability while benefiting from Huntington’s expertise.

“We could not be more pleased with this new strategic relationship with Amsec and Huntington Ingalls,” said Jin Kyu Ahn, president of HHIC-Phil.

“Combining Amsec’s industry leading technical services capabilities with HHIC-Phill’s unparalleled production ability, technologies and quality, delivered from the world’s most efficient marine production system will allow us to offer MRL services at new levels of value to customers,” Jin said.

Harris Leonard, HII vice president and president of Amsec operations, said: “This partnership enables us to leverage Hanjin’s state of the art shipyard at Subic Bay, and I am confident we’ll be able to expand our efforts in providing quality technical services to our most important customer, the US Navy, wherever they may be operating.”

HHIC-Phil, completed in Subic Bay in 2009, operates Subic Shipyard and is equipped with high-tech shipbuilding facilities that include two mega-docks with 550 meters in length and 135 meters wide, four kilometers of front quay facilities, four units of Goliath cranes and an assembly shop with automated facilities 1,000 meters in length.

Hanjin’s Subic Bay shipyard generates 5 percent of Philippine GDP and is one of the largest single employers in the country. Because of the capabilities of the Subic shipyard, the Philippines ranks as the world’s fifth-largest shipbuilding country.

Hanjin Heavy is a world leader in shipbuilding, construction, and other diversified businesses. Since its founding in 1937 as

Korea’s first shipbuilder, HHIC has been a leading force in Korea’s economic development with its many “first-in-Korea” achievements in ship construction and heavy industry.

With offices in eight countries around the world, including Korea, US, Greece, UAE, and Hong Kong, HHIC’s employees continue to be industry leaders in HHIC’s diversified businesses with world class creativity, capability, technical expertise, and dedication to delivering customer value.

Amsec is a subsidiary of Huntington Ingalls Industries. With about 2,000 employees in 27 locations nationwide and overseas, Amsec is a full-service supplier to the US Navy and the commercial maritime industry.

The company provides naval architecture and marine engineering, naval ship systems assessments, maintenance engineering, waterfront maintenance support, acquisition program support, shipyard industrial engineering and C4I installation and support services.

Huntington Ingalls designs, builds and maintains nuclear and non-nuclear ships for the US Navy and Coast Guard and provides after-market services for military ships around the globe. For more than a century, the firm has built more ships in more ship classes than any other US naval shipbuilder.(Malaya Business Insight)