Hajin set to deliver newly built crude oil tanker and bulk carrier

Subic Bay Freeport Zone, 04/25/2012 - Relentless in the effort to heighten its core business, shipbuilding industry leader Hanjin Heavy Industries & Construction - Philippines, Inc. (HHIC-Phil, Inc.) is set to deliver two newly built vessels before the end of April, 2012 namely: M/T Brightway, a dead weight ton (DWT) 160,000 crude oil tanker ordered by a Liberian company Modmal Shipping Limited and M/V FMG Matilda, a DWT 205,000 MT bulk carrier owned by Bocimar Hong Kong Ltd. based in Belgium. Both ship-owners are engaged in international shipping and maritime solutions.

M/T Brightway and M/V FMG Matilda were launched last April 27, 2011 and July 29, 2011, respectively, as the 34th and 35th vessels to be delivered from Hanjin's Subic shipyard. Singapore is M/T Brightway's future port of registry while that of M/V FMG Matilda is Hong Kong.

Mr. Jin Kyun Ahn, president of the Korean shipbuilder giant, said that the scheduled vessel delivery will highlight the competitiveness of HHIC-Phil's Subic Freeport shipyard in producing state-of-the-art commercial vessels. "What made this possible is our very efficient, cutting-edge shipbuilding facilities and highly skilled workforce", he said.

President Ahn added that Hanjin has made great strides in promoting the welfare of its workers while training them to become world-class shipbuilding employees, able to build huge ships for various foreign nations in the world.

As part of its commitment to maintain a hazard-free working environment for the shipyard workers, HHIC-Phil in cooperation with the Department of Labor and Employment (DOLE) thru the Bureau of Working Conditions, has forged a pact last February 17 of this year.

The Memorandum of Understanding (MOU) is in line with DOLE's KAPATIRAN-WISE-TAV program of pursuing a culture of compliance with labor standards, and occupational health and safety standards to attain high productivity and quality at the workplace - especially in the face of technological advancement, modernization and globalization.

To date, Hanjin's Subic Freeport shipyard employs nearly 20,000 local employees and continues to generate more job and business opportunities in the surrounding communities.

Maximizing its assets and capabilities, HHIC-Phil will be expanding its investment in the Philippines by engaging in offshore business, ship repair, and construction, fabrication and installation of various steel structures for key industries.

According to the record of the Maritime Industry Authority, an agency under the Department of Transportation and Communications, the Philippines currently ranks as the world's fourth largest shipbuilding countries.