HANJIN Heavy Industries and Construction-Philippines (HHIC-Phil) has won a contract to build four very large crude-oil carriers (VLCCs) - the world's largest with a capacity of 320,000-dwt.
The ships will be built inside Hanjin's Redondo Peninsula Shipyard and are scheduled to be built by the second half of next year. The VLCCs will measure 330 metres in length, 60 metres in width and 30.5 metres in breadth.
"We look forward to a more productive cooperation among our partners in producing highly cost efficient and technologically advanced commercial ships that shape the future of the shipbuilding industry today and beyond," said HHIC-Phil president Gwang Suk Chung, reported the Manila Bulletin.
He added that each of the VLCCs "can load more than 65.14 million barrels of crude oil or roughly the equivalent of 13-day crude oil supply requirement of the entire Philippines in 2015. This is the first-time that such type of vessel will be built on the Philippine shore, underscoring the potential of the country to be a landmark for maritime industry worldwide."
The start of the year has been fruitful for the company as they delivered the 300,000-dwt tanker to Navig8 Tankers while constructing three more of the same vessel type at the Subic shipyard. Two of those vessels will be delivered this year and the last will be delivered in 2018.