Hanjin Heavy Industries and Construction Philippines
Hanjin Heavy Industries and Construction Philippines, also known as HHIC Phil, was a Philippines-based shipbuilding company established in February 2006 by Hanjin Heavy Industries and Construction of South Korea. In the same month, its first shipbuilding contract was signed for four container ships. In May 2006, the construction of a shipyard began on Redondo Peninsula, on the western edge of Subic Bay.
| Industry | Shipbuilding |
|---|---|
| Founded | February 2006 |
| Headquarters | Philippines |
Areas served | Worldwide |
| Services | Shipbuilding |
Number of employees | 23,000 (2019) |
| Parent | Hanjin Heavy Industries and Construction |
| Korean name | |
| Hangul | 한진필리핀 |
| Hanja | 韓進 |
| Revised Romanization | Hanjin Philippines |
| McCune–Reischauer | Hanjin Philippines |
The first vessel "Argolikos" was delivered in July 2008 for the Greek ship owner Dioryx. 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.
In January 2019, the company filed for the largest bankruptcy in Philippines history with unpaid loan obligations amounting to US$412 million.