The Manila Times

Business

  Home  

  About Us  

  Contact Us 

  Subscribe     Advertise  
  Archives     Feedback  

  Register  

  Help  

  Top Stories

  Metro

  Business

  Regions

  Opinion

  World

  Life & Times

  Sports

 

Saturday, September 06 2008

 

Hanjin launches second
container vessel in Subic

 
Shipbuilder Hanjin Heavy Industries Corp.-Philippines on Saturday launched its second container vessel built at the Subic Bay Freeport.

The container ship, called CMA CGM Turquoise, has a market value of about $60 million, Hanjin said in a statement.

Turquoise would also be delivered to the Dioryx Maritime Corp., a Greek shipping company, which in July also bought MV Argolikos, the very first ship made at the free port.

The 4,300-TEU (20-foot equivalent) vessel was towed from Hanjin’s Drydock 5 to the Subic shipyard’s quayside, where it will sit for three months while electrical systems and other facilities are installed prior to its sea trial, Hanjin said.

Officials of the Korean shipbuilder said productivity in their Subic Freeport shipyard is fast catching up with their shipyard in native Korea.

“Filipinos learn fast—now they are experts,” said Yoonha Kim, Hanjin’s quality assurance director.

He also praised Filipino workers for displaying “world-class efficiency” after hull construction and engine installation for Turquoise was finished within the standard Hanjin timetable of 13 months.

 “Our goal is to be at par with our South Korean counterparts in terms of efficiency and quality of work,” Kim said during the launching, which was attended by Hanjin officials and representatives of Dioryx and Bureau Veritas.

The completion of the second vessel showed the increased efficiency and technical know-how of Filipino workers when compared to the 14-month construction of the Argolikos, Kim further said.

Apart from container vessels, Hanjin would start building oil tankers and bulk carriers next year, Kim disclosed.

President Gloria Arroyo earlier lauded the local Hanjin shipyard’s Filipino workers, saying that the Argolikos is “a showcase of excellence for Filipino ship workers” during the ship’s formal naming ceremony in July.

Arroyo also said the $1.7-billion Hanjin investment in Subic is “a massive boost” to the country’s bid to be the best value for investment in Asia, as the shipyard expects to produce 21,000 jobs during full operations.

According to Capt. Thanos Gonis of Dioryx, the Greek shipping firm has not experienced any problem with MV Argolikos, which just finished its first-round trip under the chartering of CMA CGM, the biggest container transportation and shipping company in France.

Gonis also said Diorix has ordered from Hanjin six container vessels, each with a capacity of 4,300 TEUs, a gross weight of 41,000 tons and measuring 258.9 meters in length, 19 meters high and 32 meters wide.
-- Ben Arnold O. de Vera

  
 

The PSE-Manila Times Equity Challenge 2008

Manila Times Friends

Phgifts

philflora.gif

Sponsored Links
 

Back To Top

Severino O. Frayna Jr., Benjie Dela Rosa
Powered by: 
The Manila Times Web Admin

 

Home | About Us | Contact | Subscribe | Advertise | Feedback | Archives | Help

  Copyright (c) 2001 The Manila Times | Terms of Service
The Manila Times Publishing Corp. All rights reserved.

Hosted by: