Olongapo SubicBay BatangGapo Newscenter

Thursday, July 03, 2008

Inauguration of the first ship built by Hanjin Subic

M/V Argolikos, a 41,000-ton cargo carrier which has been ordered by the Greek shipping company Dioryx Marine Corp. will be formally inaugurated by Pres. Arroyo in ceremonies early morning on the 4th of July 2008.

The ship pictured above during a required manuever for sea trial is 258.9 meters long, 32 meters wide and 19 meters high. Its optimal speed is 24.5 knots.

Hanjin is pleased to inform that the owner's representative on board during the sea trials and Bureau Veritas remarked that the ship performed well beyond their expectations. The ship has already received certifications, including an Attestation Certificate from Bureau Veritas (Ship Surveyors), a Cargo Ship Safety Equipment Certificate, a complete crew list, and a Certificate of Competency of the Korean crew issued by the Busan Regional Maritime Affairs and Fisheries Office.

Argolikos is the first of the 16 container vessels of similar specifications to be built by Hanjin in Subic. The 16 ships ordered from Hanjin would cost a total of close to $1 billion, with the price of each ship costing $60 million. Undoubtedly a significant contribution to the Philippine economy and a boost to local work force.

Hanjin, which is one of the biggest shipbuilders in the world today, has an investment of about $1.8 billion for its shipyard project in Subic. About 14,000 workers benefited both directly and indirectly from the project.

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