Philippines' Subic Shipyard books $5B in Sales
Aiswarya Lakshmi
January 7, 2015
Hanjin Heavy Industries is trying hard to retain its leadership by reviving the shipyard in Subic Bay, the Philippines. Since running at full capacity in 2009, the Subic Shipyard has won orders continuously, surpassing $5 billion dollars in sales in 5 years
HHIC-Phil’s Subic Shipyard is the largest shipyard in the Philippines with 300 ha in total area, which opened in Subic Bay in 2009. In just five years, the company reached US 5 billion dollars in sales and strengthened its leading position in the Philippines, says a company press release. In five years it was able to strengthen its leading position in the Philippines.
Located 110 kilometers northwest of Manila, the shipyard is 11 times larger than that for Hanjin's Yeongdo dockyard. Ahn Jin-gyu, Hanjin Heavy Industries Corp. Philippines head, said in a statement: "We can build 10,000-TEU containers at Subic, which is unimaginable in Yeongdo. Thanks to this large capacity, we have been able to sign deals to build five 11,000-TEU containerships."
HHIC features all kinds of state-of-the-art facilities including ultra large dock (550m in length, 135m in width), ten 4km-long quays, ultra-large gantry cranes and automated assembly lines with 600,000 DWT of annual shipbuilding capacity.
“Thanks to these successes, the Philippines is now the world’s top four shipbuilder in the world. According to statistics announced by Clarksons, the world’s leading provider of integrated shipping services in the UK, HHIC-Philippines’ Subic Shipyard first entered the top 10 shipbuilders in the world in terms of orderbook,” HHIC added.
