Cebu shipyard expanded

Tsuneishi Heavy Industries’ shipyard in Cebu (THICI), the Philippines, has recently completed a $250,000 expansion project to build a fourth slipway. This will enable the shipbuilder to construct bulk carriers up to 190,000 dwt and increase its annual building capacity from 14 to 22 by 2011. THICI director Roberto Aboitiz said that the shipyard had received several orders from overseas clients and that the yard’s order book was full up to 2013. The shipyard most recently delivered the 58,000 dwt geared bulk carrier ‘Medi Segesta’ to Orient Line in July. THICI is a joint venture between Tsuneishi Holdings, Japan and Aboitiz & Co, the Philippines.