Hanjin's Subic yard nearly doubles annual order target

A research note out from Korea's Kiwoom Securities shows what a hugely successful year Hanjin Heavy Industries & Construction's Philippine subsidiary has had.

"Hanjin's Subic Shipyard is expected to accomplish over 180% of its annual order aim with a possibility of winning $2.2bn contracts by the end of this year," the report noted.

The giant Subic yard has inked 37 orders this year, a mix of larger bulkers and mid- to large-sized containerships, ensuring it is busy for at least the next three years.
Source: Sea Ship News