Olongapo SubicBay BatangGapo Newscenter

Saturday, June 23, 2007

Subic builds biggest ship in the world

By Joyce Pangco Pañares - manilastandardtoday.com

PRESIDENT Gloria Macapagal Arroyo said yesterday the biggest tanker in the world, a $150-million floating mammoth, is now being built in Subic by the Korean firm Hanjin Heavy Industries and Construction Co.

“They are now building the biggest boat in the world right here in Subic,” said Mrs. Arroyo who visited Hanjin’s shipyard in the free port zone to check on the first 12 container vessels being built there.

“Indeed, this shipyard of Hanjin will transform Subic into one of the four largest shipbuilding facilities in the whole world,” she said.

Hanjin officials declined to give more details on the tanker, but sources said it would be bigger than the 260,851-ton Seawise Giant that was built by the Japan-based Sumitomo Oppama Shipyard and measures 1,604 ft. long and 226 ft. wide.

Hanjin’s shipyard in Subic cost $1 billion, and it made South Korea the single biggest source of foreign direct investment in the Philippines last year.

Mrs. Arroyo also opened the P653-million Subic-Cawag-Balaybay access road to the Hanjin Group’s shipbuilding facilities, which stretches for 16.15 kms. and is expected to create more jobs for the residents of Subic, Zambales and Olongapo City.

Hanjin is expected to gross $3.6 billion from its shipyard, which can make 60 ships worth $60 million each every year.

The Korean firm has also opened a $40-million training center for shipyard workers and hired 2,400 Filipinos to build its dry dock. It is expected to hire 30,000 more Filipinos in the next five years. With Elaine Ruzul S. Ramos



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