Hanjin Heavy Industries and Construction Philippines
This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)
|
Hanjin Heavy Industries and Construction | |
Korean name | |
---|---|
Hangul | 한진필리핀 |
Hanja | 韓進 |
Revised Romanization | Hanjin Philippines |
McCune–Reischauer | Hanjin Philippines |
Hanjin Heavy Industries and Construction Philippines, also known as HHIC Phil, was a
The first vessel "Argolikos" was delivered in July 2008 for the Greek ship owner Dioryx.[2] As of April 2011, the shipyard had delivered 20 ships. In 2013, the shipyard made its first oil tanker, and in 2016, it delivered its first gas carrier. The shipyard has also built parts of CALM buoys used for the Malampaya gas field offshore project. The shipyard also has two large dry docks.[3]
In January 2019, the company filed for the largest bankruptcy in Philippines history with unpaid loan obligations amounting to
Background
As part of its overseas expansion process in 2004, Hanjin Heavy Industries and Construction started building a shipyard on the Redondo peninsula, southwest of Subic, Zambales. According to the company's website, this resulted in the world's fourth-largest shipyard. As of September 2011, the shipyard employed 21,000 Filipinos.[citation needed]
On April 18, 2012, according to The New York Times, "a subsidiary of Huntington Ingalls Industries, a United States defense contractor, announced a deal to work with Hanjin Heavy Industries, which maintains a shipbuilding and repair facility at the former base at Subic Bay. That opens the door to large-scale servicing of United States military ships there for the first time in almost 20 years."[5] Huntington Ingalls said in a news release that the companies "will work together in providing maintenance, repair and logistics services to the U.S. Navy and other customers in the Western Pacific region."[6]
The company's workforce was expected to increase to nearly 28,000 in 2016. However, a slump in shipbuilding projects limited the workforce to 20,000 as of 2017.[citation needed]
As of September 2017, the company had the largest shipyard in the Philippines and was one of the largest private employers in the country.[citation needed]
Shipyard
The shipyard is located on the eastern side of Redondo peninsula, in Agusuhin
Bankruptcy
This section needs to be updated.(August 2022) |
On November 22, 2018, the company delivered two recently completed 114,000
Australian shipbuilder Austal and US-based private equity firm Cerberus Capital Management considered launching a joint bid to take over the Subic shipyard.[11] Austal would later drop its bid to have a stake in the shipyard.[12]
Agila Subic became Cerberus' new partner, taking over the shipyard's operations in March 2022.[13] Agila Subic is a Dutch venture consisting of four companies that are affiliates of Cerberus.[14] Accordingly, the shipyard was renamed the Agila Subic Multi-Use Facilities.[15]
The Philippine Navy began leasing the shipyard's northern section in May 2022.[16] American defense contractor Vectrus also moved in.[17]
Cerberus completed its acquisition of the shipyard by April 2022.[18] In November 2022, SBMA officials welcomed United States Ambassador to the Philippines, MaryKay Carlson, and indicated they wanted to see American military forces return to the Philippine naval base.[19]
Labor
This section needs to be updated.(August 2022) |
Nationalities employed
The shipyard's upper management consists of around 100 Koreans. The middle management staff includes Koreans, Romanians, and Filipinos. The foremen include Koreans, Filipinos, and Romanians, mostly employed by subsidiary companies of HHIC Phil operated by Filipinos. Most of the approximately 200 Romanian workers are employed in dock 5 and a few in dock 6 through the Romanian recruitment company Gateway Trading SRL. As of 2017[update] most of the workers, nearly 19,000, are Filipino. The shipyard provides free lunch, dinner and breakfast to all its workers in five large canteens.[citation needed]
Alleged labor violations
While the company's presence in Subic has brought thousands of jobs to the area, a steady stream of accidental workplace deaths and alleged labor violations have led to questions about the company's compliance with Philippine labor and
Since 2011, safety standards at the shipyard have improved, especially after ship owners introduced their own health and safety teams to augment the shipyard efforts.[citation needed]
Ships built
The shipyard builds bulk carriers, container ships, and oil tankers. Additionally, it has undertaken offshore construction work such as building CALM buoys for the Malampaya gas field project.[25]
Types of ships built
- Container ships – Capacity in TEUs: 3,600, 4,300 and 12,800
- Bulk carriers – Capacity 135,000 tonnes, 175,000 tonnes, 205,000 tonnes
- Very large crude carrier– Capacity 320,000 tonnes
Notable ships
- M/V Argolikos – First container ship built in the Philippines, first ship built by the company[26]
- M/T Leyla K – Largest oil tanker built in the Philippines as of October 2011[27][28]
- CMA CGM Antoine de Saint Exupery (2018) – French container ship, owned by CMA CGM[27]
References
- ^ a b Lucas, Daxim; Camus, Miguel (January 11, 2019). "Local banks grapple with biggest default in PH corporate history". Philippine Daily Inquirer. Retrieved January 13, 2019.
- ^ "Hanjin Subic launches its first ship". April 28, 2008.
- ^ "Hanjin delivers 2 new bulk carriers to Greek firm". Malaya. Archived from the original on September 27, 2011. Retrieved October 8, 2011.
- ^ Sicat, Gerardo P. (January 16, 2019). "Hanjin Philippines shipbuilding bankruptcy". The Philippine Star. Retrieved September 17, 2023.
- ^ Whaley, Floyd (April 29, 2012). "Philippines Role May Grow as U.S. Adjusts Asia Strategy". The New York Times. Retrieved August 23, 2022.
- ^ Gallop, Leslie (April 18, 2012). "Huntington Ingalls Industries Subsidiary AMSEC LLC Partners With HHIC Holdings Co., Ltd". GlobeNewswire News Room (Press release). Retrieved August 23, 2022.
- ^ "Hanjin Heavy Industries and Construction-Philippines, Inc. – Wikimapia".
- ^ "Hanjin Shipyard Delivers 2 units of 114K Crude Oil Tanker". HHIC Phil news room. Retrieved March 27, 2019.
- ^ "Chinese Investors Interested in Cash-Strapped Hanjin Subic". World maritime news. January 14, 2019. Retrieved March 27, 2019.
- ^ Dixon, Gary (February 15, 2019). "Hanjin strikes debt-swap deal for Philippines yard". TradeWinds. Retrieved March 27, 2019.
- ^ "Austal, Cerberus team up to eye Hanjin's Philippine shipyard". Reuters. October 9, 2019. Retrieved May 26, 2021.
- ^ "Former Hanjin Subic Bay Shipyard in Philippines Being Sold to Cerberus". The Maritime Executive. March 9, 2022. Retrieved November 6, 2022.
- ^ "Cerberus-Agila taking over Hanjin Subic shipbuilding facility". Manila Bulletin. March 7, 2022. Retrieved November 6, 2022.
- ^ Empeño, Henry (September 16, 2022). "Subic redux". BusinessMirror. Retrieved November 6, 2022.
- ^ Fadriquela, Jerome (August 31, 2022). "PH-UAE defense industry at shipbuilding partnership pinag-aaralan". TFC News (in Tagalog). ABS-CBN News. Retrieved November 6, 2022.
- ^ Mangosing, Frances (May 26, 2022). "Navy makes strategic move to Subic shipyard facing WPS". Philippine Daily Inquirer. Retrieved November 6, 2022.
- ^ Verdejo, Genivi (June 1, 2022). "SBMA sees Agila Subic's takeoff". The Manila Times. Retrieved November 6, 2022.
- ^ "US-based Cerberus acquires Hanjin shipyard in Subic Bay". CNN Philippines. April 22, 2022. Archived from the original on April 22, 2022. Retrieved November 6, 2022.
- ^ "U.S. military poised to return to Subic Bay, counter China's presence". Kyodo News. November 24, 2022.
- ^ "Two workers died in another Hanjin 'freak' accident". ABS-CBN. March 11, 2008.
- ^ "Hanjin labor 'abuse' caught on cam". ABS-CBN. March 19, 2012.
- ^ "Hanjinworkers's Blog".
- ^ "Hanjin Shipyard: Hell on Earth : NASSA | Official Website". nassa.org.ph. Archived from the original on December 16, 2014.
- ^ "ABS-CBN News | Latest Philippine Headlines, Breaking News, Video, Analysis, Features".
- ^ Olchondra, Riza (February 21, 2014). "$756M Malampaya rig going up in Subic". Inquirer. Retrieved September 5, 2016.
- ^ "First RP-built cargo ship inaugurated in Subic Bay". ABS-CBN News. July 4, 2008. Retrieved May 26, 2021.
- ^ a b Custodio, Arlo (January 27, 2018). "Hanjin delivers world's biggest cargo vessel". The Manila Times. Retrieved May 26, 2021.
- ^ "Hanjin launches most giant oil tanker ever built in the country : NewsCentral". Archived from the original on April 25, 2012. Retrieved October 11, 2011.
External links
- Official website
- SBMA chair cites Korean shipbuilder's role in Philippines economy, Philippine Information Agency