HHIC-Philippine's Subic Shipyard Wins Bid to Build 8 Vessels

Hanjin Heavy Industries & Construction - Philippines (HHIC-Phil or Hajin’s Subic shipyard), the overseas corporate unit of HHIC, has received new orders to construct four 160,000-ton oil tankers and four 180,000-ton bulk carriers worth a total of $450 million from ship owners of China, Singapore and Greece. The Subic shipyard has already won contracts to build 11 large-sized vessels in this year alone. The shipyard had received orders for two 180,000-ton large-sized vessels in January and one in February.
This contract in particular will pave the way for HHIC-Phil to enter the large-sized oil tanker construction market in the future because the oil tanker to be built will have a Suezmax capacity.