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)

http://business.mb.com.ph/2017/03/08/hanjin-philippines-gets-order-to-make-4-vlccs-at-subic/

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SBMA execs, locators tackle freeport issues and concerns

Subic Bay Metropolitan Authority (SBMA) Chairman Martin Diño and Administrator Atty. Wilma Eisma met with freeport investors and stakeholders who raised various issues and concerns during a radio program at Grand Harbor Hotel.

The radio program “Pagawa at Iba pa” was the venue for locators such as Hanjin Heavy Industries and Construction – Philippines (HHIC-Phil), Global Terminal and Development, Inc. and other companies to voice out some issues that their companies are currently facing.

One of the issues was the repair of the Balaybay-Subic-Cawag Access Road used by shipbuilding personnel to report for work at the Redondo Shipbuilding Facility of Hanjin.

According to Hanjin Executive Director Pyung Jong Yu, the access road is used by tens of thousands of employees who work at the shipyard.

The road, he said, has been incomplete especially near the Club Morocco Beach Resort and Country Club.

He added that a patch of the road there has been wiped off by recent typhoons and has been a bane for them whenever they have to go to Subic Freeport.

Eisma said that the agency will look into the matter, citing that the local government unit (LGU) governing should help in fixing the access road.

She cited contiguous areas such as Morong must take part in fixing roads that connected their area to the Freeport.

Eisma stated that the SBMA will talk to the LGUs to fix the roads using the revenue shares they get from the agency.

She said that these shares should be utilized to further enhance their areas as part of the development scheme of both the municipality and the Freeport.

Another issue that a locator cited was the Common Use Service Area (CUSA) and the environment and tourism administrative fee (ETAF).

But the administrator pointed out that these fees are necessary in maintaining cleanliness and orderliness inside the Freeport zone. (Jonas Reyes. Manila Bulletin)

PHOTO:
SBMA Chairman Martin B. Dino and Administrator Wilma T. Eisma answer queries from Freeport locators, residents and business organizations in an impromptu forum during the anniversary celebration of Paggawa Atbp. radio program of the SBMA Labor Department held at the Grand Harbor Hotel in Subic Bay Freeport. (AMD/MPD-SBMA)

http://news.mb.com.ph/2017/01/27/sbma-execs-locators-tackle-freeport-issues-and-concerns/

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Hanjin Heavy delivers first Philippine-made VLCC

Subic Bay Freeport – Hanjin Heavy Industries and Construction – Philippines (HHIC-Phils.) last week delivered the first Philippine-made Very Large Crude Carrier (VLCC) to its owner after being recognized as the country’s top sectoral exporter by the Department of Trade and Industry (DTI) last December during the National Export Congress.

Newly installed HHIC-Phil President Chung Gwang-Suk said: “We are very pleased to welcome the New Year with the successful delivery of this state-of-the-art vessel to one of our valued clients overseas. This vessel gives us enormous pride as it is the very first Philippine-made VLCC; hence, another record-setting milestone for the Philippine shipbuilding industry.”

The M/V Gener8 Hector shown during a sea trial conducted by HHIC-Phils.

“Our management wishes to share this accomplishment with all our partners and stakeholders in the shipbuilding industry as we chart our future together amid the challenges in the global economy. More than anything, we are deeply honored to have given the opportunity to showcase time and again our competitive strengths and spirits as we nourish the utmost trust and confidence invested in HHIC-Phils., Inc. not only by our shipbuilding clients around the world – but also the Philippine Government as our equal partner in this quest for business sustainability.”

Named as the M/V Gener8 Hector, the vessel sailed out the waters of the country’s premier Freeport measures 333 meters in length with breath of 60 meters and dead weight of 299,019 metric tons. It was ordered and jointly owned by Gener8 and Nagiva8 based in the United States of America and Singapore, respectively.

Beaming with pride, Chung further stated: “The vessel’s towering size is so breathtaking that it is comparable to US-made Nimitz class 100,000-ton aircraft carriers. Once commercially operated on the high seas, M/V Gener8 Hector could transport as much as 300,000 metric tons of crude oil to any part of the world, or roughly the equivalent of the entire Philippine archipelago’s 13-day fuel supply requirements in 2015. The country imported 65.14 million barrels of crude oil (8.88 million metric tons) that year.”

“While the global shipbuilding market has experienced rough sailing over the past few years, HHIC-Phils., Inc. has taken exception as it continued to maintain its foothold in the international front, capitalizing on our technological advancements and highly skilled workforce to produce cost-efficient and most modern commercial vessels that range from bulk carrier to container ship, crude oil tanker and liquefied petroleum gas carrier,” Chung added.

With HHIC-Phils., Inc.’s aggressive business presence, the Philippines marched toward the elite circle of the largest shipbuilding nations, ranking the country fifth overall as per the report of the highly respected European institution, Clarkson Research, in its August 2016 issue. As of January this year, the Subic-based shipbuilder has delivered 99 vessels and 10 steel structures with a total export value of US$5.8 billion.

Aside from the fleet of high-value vessels on order, HHIC-Phils., Inc. is currently building three 20,600 TEU container ships considered among the biggest container ships the world over. These mega gigantic box ships are due to be delivered this year.

Since its commercial operation in 2008, HHIC-Phils., Inc.’s Subic shipyard has emerged as a top employment destination especially in the countryside, providing descent jobs to more than 33,000 Filipinos and generating various livelihood opportunities for neighboring provinces in Central Luzon.

Chung mentioned “We remain steadfast as always in delivering our commitment to bring long lasting positive change in the lives of many Filipino workers when we poured in our US$2.3-billion investment in the country.” With a strong support system in place nurtured by high confidence from our partners, especially from the Philippine Government, we will double our efforts to cause more inclusive economic growth and development in line with the vision of the Duterte Administration to revive the country’s manufacturing sector in general, which proved to be a growth driver for the Philippine economy.”

The ship was delivered to its owner last week, marking the first biggest ship made by Filipino shipbuilders in the country. (Jonas Reyes, Manila Bulletin)

http://business.mb.com.ph/2017/01/17/hanjin-heavy-delivers-first-philippine-made-vlcc/

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