SUBIC BAY FREEPORT: The Department of Trade and Industry (DTI) has awarded shipbuilding giant Hanjin Heavy Industries and Construction-Philippines (HHIC-Phil) here as the Top Exporter for the Machinery and Transport Equipment sector.
Hanjin accepted the award during the ceremonies held at the Philippine Trade and Training Center (PTTC) in Pasay City on December 7.
The Top Sectoral Exporter citation was given to Hanjin during the National Export Congress as the DTI cited the company’s numerous export transactions during the past year.
The recognition, according to company officials, is yet another milestone in more than 10 years of Hanjin’s productive shipbuilding activity in the Philippines, particularly in the country’s premier Freeport – where the company had also been acclaimed as a consistent top exporter among Subic registered enterprises in the recent years.
The impact of Hanjin’s business operations on the Philippine economy is far and wide, pouring in S2.3 billion worth of foreign direct investments and providing employment to more than 33,000 Filipino workers from across the country.
With Hanjin’s aggressive presence in the international shipbuilding market, the highly respected Europe-based Clarkson Research has steadily counted the Philippines among the elite group of the largest shipbuilding nations, ranking the country fifth in terms of order book.
Amid the prevailing worldwide economic downturn that has dealt blows to the global shipbuilding market and has triggered intense competition from shipbuilders, the latest achievement received by Hanjin is nothing more than a concrete testament to the company’s strong resiliency and firm resolve to overcome great challenges facing the industry with its competitive strengths in terms of having a pool of highly skilled workforce and innovative technology that continue to keep abreast of the fast changing developments in the global maritime trade and commerce, the company said.
Hanjin President Gwang Suk Chung remarked, “We are honored to receive such an award from the DTI under the leadership of 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 the Filipino shipbuilders, without them, we wouldn’t have won the award,” he said.
“In sum, this underscores the bright prospect of the shipbuilding industry as an engine of economic growth for the country in the long term,” he added.
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.
Chung further said, “This is indeed a product of the collective effort between Hanjin and the Philippine government.”
“Such 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,” he said, adding that Hanjin is currently in the process of building three 20,600 TEU containerships considered among the biggest in the world today.
Hanjin is also constructing a fleet of Liquefied Petroleum Gas carriers after having successfully delivered four first-ever Philippine-made vessel of such kind this year.
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.” She added that the award also recognizes the exporters for their exemplary performance and contribution to the country’s economic and export growth.