SBMA more than happy to accommodate Hyundai Heavy in Subic Freeport

Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Rolen C. Paulino welcomed the possibility of South Korean shipbuilder Hyundai Heavy Industries (HHI) investing inside this premier Freeport.

The statement came after outgoing Department of National Defense (DND) Secretary Delfin Lorenzana revealed that the South Korean shipbuilder plans to construct a maintenance depot at the former Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) shipyard in Redondo Peninsula.

“The company plans to have a maintenance depot here since many of our military ships are built by Hyundai. They would provide the maintenance needs of these ships,” he said.

Paulino said that the plans for the construction of HHI’s maintenance depot here would mean more job opportunities, and would generate income to the agency that can be added to the national coffers. He said that the construction of the HHI maintenance depot is more efficient rather than sending the ships back to South Korea for repairs.

Former Secretary Lorenzana cited that the country ordered the Philippine Navy (PN)'s first two missile frigates, BRP Jose Rizal (FF-150) and BRP Antonio Luna (FF-151) from the South Korean shipbuilder. He added that HHI also secured the P28-billion contract for the two anti-submarine corvettes last December and the P30-billion offshore patrol vessel (OPV) deal.

The company is also the contractor for the South Korean Navy's Pohang-class corvettes, of which one is now in service with the PN, with another expected to be transferred soon. The company and the DND signed a lifetime service support contract for the maintenance and upkeep of the two Jose Rizal guided-missile frigates.

Chairman Paulino said that it is only fitting that the company construct its maintenance depot at the former Hanjin shipyard since Agila Subic (now owner of the Hanjin shipyard) is housing the base operations of the Philippine Navy.

 The SBMA chief also cited that after HHIC left, thousands of skilled workers in the shipbuilding sector have been unemployed and are seeking other job opportunities, but were unlucky due to the recent pandemic.

“The investment of Agila Subic has revived the shipbuilding industry of the Subic Bay Freeport back to life. We can expect more job opportunities for skilled shipbuilders in the area since more and more companies are looking into investing into Agila Subic’s shipbuilding industrial park,” he said.

The Philippine Navy occupies the northern portion of the former HHIC-Phil shipyard that spans around 100 hectares of the site's more than 280 hectares.

The activation and subsequent operationalization of NOB Subic are in line with the Navy's scaled-up maritime operations to support the needed base services of the deep-draft vessels such as Jose Rizal-class missile-frigates, Del Pilar-class offshore patrol ships, and Tarlac-class landing docks.

The newly activated base will house select fleet marine units, maintenance, and replenishment facilities that will enable the fleet to sustain the operational requirements of the current and future capital vessels. (MPD-SBMA)