ICTSI outlines plans to transform Hanjin Subic away from shipbuilding

ICTSI outlines plans to transform Hanjin Subic away from shipbuilding

The Philippines’ largest terminal operator has outlined how it might transform the country’s biggest shipyard. International Container Terminal Services, Inc (ICTSI) is interested in taking over the bust assets of Hanjin Heavy Industries and Construction Philippines’ (HHIC-Philippines) to turn it into a multipurpose facility and moving it away from its shipbuilding origins.

ICTSI officials say the site could be used for power, steel, ship repair, multipurpose, automotive, or cranes but not shipbuilding.

The ports giant is one of a host of companies around the world linked with taking over the Subic Bay facility, Southeast Asia’s largest shipyard by area, since the company went bust at the start of the year.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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