Sunday, April 22, 2007

First Philippine-Made Container Ship

(The Philippine News Agency) - Hanjin Heavy Industries, Corp-Philippines, Inc. (HHIC-PI), one of the world's largest shipyards in the world, switched on the steel plate cutting machine that signaled the start of its production here Thursday.

The first steel cutting ceremony was held at the newly-built HHIC-PI shipyard at the Redondo Peninsula.

"It is our pleasure to host the first steel cutting ceremony for the building of 4,300 TEU container ship here in Subic Bay. It is really a historic moment for our Subic shipyard," said HHIC-Phils. president and HHIC regional director Jeong Sup Shim.

The HHIC-PI constructed the shipyard complex inside the 480-hectare land area in the peninsula with a committed investment of $ 1 billion and is expected to create around 30,000 jobs.

Already lined-up for production are six units of 4,300-TEU container ships to be delivered to Diorxy Maritime Corp. in Greece in 2009.

The second production line will be comprised of six units of 4,300-TEU ships intended for NSC Schiffartsgeselhaft of Germany.

The ceremony was graced by Subic Bay Metropolitan Authority (SBMA) Chairman Feliciano Salonga, SBMA Administrator Armand Arreza, Trade Secretary Peter Favila, Subic-Clark Alliance and Development (SCAD) Secretary Edgardo Pamintuan, and HHIP Chairman Nam Ho Cho.

Arreza noted that the activity marks a milestone which strengthens investors' confidence in the Freeport and in the entire country "as well as it catapults us into the forefront of the global shipbuilding industry".

Favila, meanwhile, conveyed to the HHIC-PI and maritime executives the President's wish to grace the major event, which is the launching of the first vessel.

"As for me, I find it a privilege to be part of this special occasion to signal the grand start of the fabrication of your first ship by having the honor, on behalf of the President, of pushing the button of the maiden cutting of steel plates," he said.

Favila also noted that the ceremony is a momentous event not only for Hanjin, but also to the shipbuilding and ship repair industry in the country as the project will boost the economy of the country.

Some 4,000 persons have been already employed during the pre-operation and construction phase. This will also create indirect employment to some 30,000 and will bring in close to -3.5 billion worth of export industries.

"I strongly believe that with the training programs conducted by HHIC-PI for Filipinos, the vast experience and stature of Hanjin shipbuilding, and the competent Filipino technicians, this project will introduce the Philippines in the world map of large scale shipbuilding as the new shipbuilding hub in Asia and the Pacific," the trade chief noted.

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