Shipbuilding makes a grand comeback in the Philippine maritime industry.
President Ferdinand R. Marcos Jr. led the inauguration ceremony of HD Hyundai Heavy Industries Philippines Inc. at the Agila Southern Yard, Subic Freeport Zone on September 2, 2025 —a landmark event that marks the revival of the country’s shipbuilding enterprise.
The ceremony formally launched Hyundai’s operations in the Philippines, reinforcing the country’s position as a strategic hub for maritime and industrial growth in the Asia-Pacific region.
A symbolic steel-cutting ceremony marked the commencement of construction on the shipyard’s first vessel, signaling the beginning of a new era for local shipbuilding and engineering capabilities.
The President’s presence underscores the Philippine government’s strong policy support and commitment to attracting long-term, high-impact investments in key industries.
Long-term employment
In his message, Marcos Jr. emphasized the industry’s capacity to expand operations and provide long-term employment opportunities.
“With Hyundai Heavy Industries investing in Subic, our shipyard capacity will significantly increase from 1.3 million to 2.5 million deadweight tons, from handling four to five massive oil tankers to about eight of those ships,” the President said.
He also highlighted government programs aimed at preparing more workers for the sector.
The Technical Education and Skills Development Authority (TESDA) has partnered with Hyundai to operate a training center in Subic, producing its first 24 welding graduates now employed at the yard, while additional training slots have been made available to maintain a steady supply of skilled workers.
Korean Ambassador to the Philippines Lee Sang-hwa said the project reflects the strengthening economic ties between the two countries.
“Today’s event is, above all, a victory for the Philippines. It is a tangible result of President Marcos’ tireless efforts to attract foreign investment through the CREATE More [Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy] Act,” Lee said.
He added that Hyundai is projected to employ 7,000 to 8,000 workers in the coming years, calling the initiative a “powerful tripartite partnership” wherein Korea contributes shipbuilding technology, the United States provides financial support, and the Philippines offers skilled manpower and a strategic location.
HD Hyundai Heavy Industries CEO Kim Sung-joon also emphasized the Philippines’ potential to become a global hub for shipbuilding.
“Fortunately, the Philippines possesses all the ideal conditions to become a major player in the shipbuilding industry—with a blessed maritime environment, a young and highly skilled workforce, and the committed support of the government,” he said.
For many, the reopening represents more than industrial revival—it means jobs close to home.
Marlon Eugenio, a former employee of the Hanjin Shipyard, expressed his gratitude.
“Nagpapasalamat ako sa ating pamahalaan lalong lalo na kay Presidente Marcos na nagbigay ng opportunity ulit na mabuksan ang pinakamalaking shipyard. Nabigyan muli ang mga kapwa ko worker na magkaroon ng trabaho at magkaroon ng panibagong talento sa paggawa ng barko,” he said.
HD Hyundai’s Subic operations will cover 200 hectares under a 10-year lease with Agila Subic, a Cerberus portfolio company.
The facility is set to begin full operations in January 2026, including both shipbuilding and offshore wind platform construction. (PCO/PIA Region 3-Zambales)
0 comments:
Post a Comment