Hanjin Philippines yard delivers first local-built LPG carrier
By Vincent Wee, Hong Kong and South East Asia Correspondent | Seatrade Maritime News | September 3, 2015
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Hanjin’s Philiipines unit marked a milestone with the completion of the first ever Liquefied Petroleum Gas (LPG) carrier built in the country at its Hanjin Heavy Industry and Construction–Philippines (HHIC-Phil) yard in Subic Bay, local reports said.
Construction of the vessel for Exmar Shipping began in June last year and HHIC-Phil has seven more LPG carriers on its order books.
In a statement, HHIC-Phil president Jeong Sup Shim attributed the company’s success to the support of the Philippine government and outstanding work ethic of Hanjin shipyard workers.
“It is our company’s earnest desire and long term commitment to catapult the Philippines as the number one shipbuilding country in the world,” Shim said.
“The Philippines is currently ranked fourth in the world in terms of order book by builder country with 2.1m gross compensated tonnage (CGT) for new vessels,” Shim said.
Hanjin Subic shipyard is the 10th largest shipyard in the world in terms of order book by shipyard, accounting for 1.8m GCT or 74% of the Philippines’ CGT for new vessels.
Source: Seatrade Maritime News
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