HHIC-Phil Unveils Two Newly-Built Bulk Carriers

Hanjin Heavy Industries & Construction Co., Ltd. – Philippines (HHIC-Phil Inc.) has reached yet another milestone when it held the simultaneous unveiling of two newly-built bulk carriers in its modern 30-hectare shipyard in Redondo Peninsula on Tuesday, April 16th.

The vessels, named after famous explorers Christopher Columbus and Abel Tasman, were the seventh and eighth ships purchased by leading international mining group Rio Tinto Shipping Limited.

“RTM Columbus” and “RTM Tasman”, which both tip the scales at 106,796 tons, will have London in the United Kingdom as their homeport.

Last January, Hanjin also delivered to England-based Rio Tinto executives the two vessels, M/V “RTM Cabot” and M/V “RTM Drake, each worth about $60 million.

Attending the event in Hanjin’s modern shipyard in Subic for the unveiling of “RTM Columbus” and “RTM Tasman” were Annbel McGagh and Wendy Smith, together with HHIC-Phil Inc. senior officials, Rio Tinto executives Alastair Fischbacher, Allan Smith and John McGagh, and representatives from classification society Lloyd’s Register.

HHIC-Phil Inc. President Jin Kyu Ahn said that the Korean shipbuilder’s capacity to produce high-tech ships is largely due to its ability to remain resilient amid the growing challenges facing the global shipbuilding market today.

 “We continuously harness and maximize our shipbuilding capability and resources to win our clients’ trust and confidence. We believe that these are the vital ingredients in order for us to keep on exporting commercial vessels during these difficult times,” Ahn said.

Cutting-edge technology combined with highly trained and skilled manpower of its shipyard workers, Ahn said that Hanjin is “pushing hard to sustain a cost-efficient production system and meet, if not surpass, the clients’ expectations and demands.”

Ahn noted, however, that the shipbuilding industry has yet to regain its long lost ground owing to small demand this year for new vessels caused by diminished maritime activities around the world.

 “HHIC-Phil Inc. is exerting its best efforts to be competitive and cope with this depressing situation, which has already created cut-throat competition among shipbuilders in the international front. Thus, any form of short or long term support to help uplift our industry by the public sector is welcome, if only to perpetuate, or push even further, the Philippines’ current 4th place ranking in the global shipbuilding arena,” Ahn said.

But despite this daunting task of keeping its core business afloat vis-à-vis the present economic reality, the Korean shipbuilder will continue to look after the welfare of the Hanjin shipyard workforce and prevent cutting down of operations, Ahn said.

Since 2008, HHIC-Phil Inc. has now successfully delivered a total of 51 vessels amounting to over $3 billion for various overseas clients mostly engaged in international trade and maritime solutions, thereby boosting the Philippines’ export portfolio.

Press Release, April 22, 2013

Share this article

Follow World Maritime News

Posted on April 22, 2013

In Depth>


<< Oct 2016 >>
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

Danish Maritime Technology Conference 2016

A part of Danish Maritime Days 

For the first half of 2016, the key buzzword of the maritime industry have been ‘The Fourth Industrial Revolution’. The global maritime industry stands in the midst of a market with changing dynamics, where emerging technologies give endless possibilities with an unprecedented processing power.

The emerging technologies have opened up for new products and services that increase efficiency through the entire maritime value chain. The Danish Maritime Technology Conference looks at the key drivers emerging in and from the Fourth Industrial Revolution – the technologies, the products and the services that leads this market change.

The new waves of accelerating technological development require new forms of conducting agile business, given the speed at which innovation and disruption takes place. Members of Danish Maritime are global market leaders within the maritime industry, and together with specialists they will discuss their core challenges and present their solutions to a game changing market.

More info

read more >

Danish Maritime Days 2016

At this year’s Danish Maritime Days, four themes will highlight some of the most important challenges and opportunities which the global…

read more >

Maritime Standard Tanker Conference

The event will highlight the main regional trends in crude, chemical and product tanker operations, giving attendees a unique insight into…

read more >


SHIPTEC CHINA builds up itself into a more outstanding, influential and well-reputed maritime event in northern China…

read more >