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10 August 2014

Hanjin top exporter in Subic Freeport

Hanjin Heavy Industries and Construction-Philippines (HHIC-Phil) once again emerged as the biggest exporting company in this free port after building 11 ships in just the first half of this year at its state-of-the-art facility in this free port.

HHIC-Phil posted a total of $88.48 million in exports in the first half of the year, the Subic Bay Metropolitan Authority (SBMA) said in its January to June 2014 report.

The SBMA also noted that the Subic shipbuilder’s output has increased from five vessels in the first half of 2013 to a total of 11 in the first semester of 2014.

The firm’s employment generation record also improved from 18,535 in the first half of 2013 to 20,562 in the same period this year, the SBMA stated.

HHIC-Phil President Jin Kyu Ahn said the South Korean shipbuilder delivered its latest projects recently, the 3,800-twenty-foot equivalent units container carriers MV Perceiver and MV Conceiver that were ordered by Belgium-based Delphis, which provides multimodal container transport throughout the world.

Each of the newly built vessels weighs 41,286 tons, measures 222 meters long, 37.3 m wide and 19.3 m deep, and attains a speed of 20.9 knots.

Both are equipped with the latest in marine vessel technology, Ahn said in a news statement.

The two ships were formally unveiled late last week at HHIC-Phil’s Redondo Peninsula shipyard here by top executives of Delphis in the presence of representatives from DNV-GL, a leading ship and offshore classification society.

Ahn said the launching of the new container carriers marks another milestone for HHIC-Phil, and affirms the company’s “unwavering commitment to innovation geared toward excellence in the craftsmanship of our products to better serve the challenging demands of our valued clients around the world for highly sophisticated yet cost-efficient and environment-friendly commercial vessels.”

He added that the HHIC-Phil has already built and exported a total 66 vessels as of July this year, ever since it started operations here in February 2006. Its products ranged from container ships and bulk carriers to crude oil tankers and other high-value oceangoing ships and offshore facilities.

The feat led the Philippines to be ranked by Clarkson Research Services Ltd., a reputable research firm based in Europe, as the fifth among the biggest shipbuilding nations—next only to China, South Korea, Japan and Brazil.

On the other hand, HHIC-Phil placed 11th in the list of almost 100 shipbuilders in the world, according to the Clarkson listing in June.

Ahn added that the firm’s order block is fully booked until 2018, thereby proving “HHIC-Phil’s global competitiveness and the stability of its Subic shipyard amid the intense competition in the international shipbuilding arena.”

The firm’s increased production has consistently put it on top of the list of the biggest exporters here.

HHIC-Phil’s January to June 2014 export record of P88.48 million has placed it way ahead of traditional top exporters here, like Sanyo Denki Phils. Inc., which notched a first-semester export of $11.45 million; Wistron Infocomm, $8.11 million; Tong Lung Phils. Metal Industry Co., $6.75 million; Hitachi Terminals Mechatronics, $6.74 million; HLD Clark Steel Pipe Co. Ltd., $5.04 million; Air 2100 Inc., $4.33 million; Nicera Philippines, Inc., $4.29 million; and Juken Sangyo Phils., $3.96 million. (Henry EmpeƱo, BusinessMirror)

PHOTO:
Guests walk past the newly christened MV Perceiver, one of the two container carriers recently launched by HHIC-Phil at its Redondo Peninsula shipyard in the Subic Bay Freeport. (photo by Jonas Reyes)

http://www.businessmirror.com.ph/index.php/en/news/economy/36842-hanjin-top-exporter-in-subic-freeport

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