Ahead of potential new tenants moving in, much of the old kit from Hanjin Subic shipyard is being auctioned off by Amsterdam-based Hilco Industrial Acquisitions.
The giant yard in the north of the Philippines was created by Hanjin Heavy Industries & Construction nearly 20 years ago.
US private equity firm Cerberus Global Investment acquired the bust Subic shipyard last year and has since renovated the facility and come to an agreement with the Philippine navy to use some of the site.
HD Hyundai, formerly known as Hyundai Heavy Industries, is also looking at overseas expansion, and has expressed interest in using two drydocks at the site.
With the new business direction of revitalising the operations of the yard into a multi-purpose facility, surplus assets are now up for sale on HilcoBid.com including a Goliath crane, tugboats, forklifts and much welding equipment, all installed at the yard between 2007 and 2009.
Robert Bouland, CEO at Hilco Industrial Acquisitions, said he expected much interest from buyers in Asia and the Americas.
“This sale represents an outstanding opportunity for buyers seeking to purchase high-quality shipbuilding equipment,” Bouland said.
https://splash247.com/samsung-heavy-seeks-chinese-help-to-churn-out-massive-orderbook/
LOL