09 March 2017

Hanjin Philippines gets order to make 4 VLCCs at Subic

Subic Bay Freeport - The Philippines is set to become the country that will produce four of the biggest crude oil carriers in the world as Hanjin Heavy Industries and Construction-Philippines (HHIC-Phil) got an order yesterday for the production of four Very Large Crude-oil Carriers (VLCCs).

These VLCCs are the biggest in the world with a capacity of 320,000 deadweight tonnage (DWT) and is the first deal inked by Hanjin for this year.

HHIC-Phil shipbuilding facility inside the Subic Bay Freeport Zone

According to the company, the ships will be built inside Hanjin’s Redondo Peninsula Shipyard and have a deadline of until the second half of next year. With a measurement of 330 meters in length, 60 meters in width and 30.5 meters in breadth, these VLCCs will be equipped with an eco-design component.

“This contract carries very positive news for all stakeholders considering the stagnant shipping industry nowadays. We look forward to a more productive cooperation among our partners in producing highly cost efficient and technologically advanced commercial ships that shape the future of the shipbuilding industry today and beyond,” HHIC-Phil President Gwang Suk Chung said.

He added that each of the VLCC “can load more than 65.14 million barrels of crude oil or roughly the equivalent of 13-day crude oil supply requirement of the entire Philippines in 2015. This is the first-time that such type of vessel will be built on the Philippine shore, underscoring the potential of the country to be a landmark for maritime industry worldwide.”

The start of the year has been fruitful for the company as they delivered the 300,000 DWT VLCC to Navig8 Tankers while fabricating three more of the same vessel at the Subic shipyard. He said that two of those vessels will be delivered this year and the last will be delivered next year.

HHIC-Phil has begun its shipbuilding operations in the later part of 2007 following the completion of the construction of its Subic shipyard in the same year. It has started off with delivering a 4300 TEU containership in 2008. To date, HHIC-Phil has already delivered a total of 100 commercial ships including 57 container ships, 27 bulk carriers, 7 VLCCs, 4 LPG ships and five Marine Engineering Plants.

A Very Large Crude-Oil Carrier (VLCC) made by Hanjin seen during the sea trial

HHIC-Phil is scheduled to deliver this March three 11,000 TEU containerships and one 38K chemical carrier. HHIC-Phil is expected to deliver 14 more ships of various types before the current year-ends.

Hanjin Subic Shipyard occupies more than 300 hectares of land, with a 4km Quay Wall and two of the world’s largest docks with the size of 370m x 100m and 550m x 135m which is about seven times larger than a football stadium. It is home to more than 32,000 Filipino workers gainfully employed and is being recognized as a world-class shipyard with competitive edge. (Jonas Reyes, Manila Bulletin)