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Friday, March 29, 2024

Hanjin wins top exporter award

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SUBIC BAY FREEPORT—Hanjin Heavy Industries and Construction-Philippines was recently awarded as the Top Exporter for the machinery and transport equipment sector by the Department of Trade and Industry during the National Export Congress at the Philippine Trade and Training Center in Pasay City.

The DTI cited the South Korean company’s numerous export transactions during the past year. The recognition, the company added, “is another milestone in more than 10 years of Hanjin’s productive shipbuilding activity in the Philippines,” particularly in Subic, where it had also been acclaimed as a consistent top exporter among registered enterprises here in recent years.

Hanjin has poured in $2.3 billion worth of foreign direct investments and provided gainful employment to over 33,000 Filipinos across the country. With its aggressive presence in the international shipbuilding market, the Philippines is counted by the highly-respected Europe-based Clarkson Research among the elite shipbuilding nations, ranking the country fifth in terms of orders booked.

DTI Director Senen Perlada said: “We want to equip exporters with the necessary tools for them to be competitive. We also want exporters to cooperate with government agencies in simplifying procedures and documentations.” 

The award also recognizes the exporters for their exemplary performance and contribution to the country’s economic and export growth, Perlada added.

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Gwang Suk Chung, Hanjin President, said: “We are honored to receive such an award from the DTI under the leadership of Trade Secretary Ramon Lopez, who is steering President Rodrigo Duterte’s vision of reinvigorating the manufacturing sector in general for the common good. 

“We are more than proud of the craftsmanship of Filipino shipbuilders; without them, we wouldn’t have won the award. In sum, this underscores the bright prospect of the shipbuilding industry as an engine of economic growth for the country in the long term,” Chung added. 

With its forward-looking approach driven by the invaluable support from the Philippine government, Hanjin has already delivered to various shipping companies overseas a total of 98 vessels as of August 2016, with a total export tag price of $5.708 billion.

“This is indeed a product of the collective effort between Hanjin and the Philippine government,” Chung added. “Such a long and fruitful collaboration has helped us gain the trust and confidence of our valued clients to continue working with us on big ticket projects, with far-reaching positive effects to the global economic landscape in the years ahead.”

Hanjin is currently building three 20,600 TEU (Twenty-Foot Equivalent Units) container ships, considered among the biggest in the world today. It is also constructing a fleet of liquefied petroleum gas carriers after having successfully delivered four Philippine-made vessels, the first ever of its kind, this year.

Amid the prevailing worldwide economic downturn that has dealt blows to the global shipbuilding market and has triggered intense competition from shipbuilders, Hanjin says its award “is a concrete testament to the company’s strong resiliency and firm resolve to overcome great challenges facing the industry with its competitive strengths.” 

With a highly-skilled workforce and innovative technology that continues to keep abreast of the fast-changing developments in the global maritime trade and commerce, Hanjin expects its operations in Subic and the Philippines to grow in years to come.

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