By Eddie O Barrita
A senior executive of a Cebu-based shipbuilding company said
the Philippines is now the fourth largest shipbuilder in the world.
Jon Erramon Aboitiz, Tsuneishi president and chief executive officer (CEO), said that with the combined output of the Balamban, Cebu shipyard of Tsuneishi and Hanjin in Subic, “the Philippines has become the fourth largest shipbuilding in the world.â€
Tsuneishi Heavy Industries Cebu Inc. (THICI) is a joint venture between Japan’s Tsuneishi Group and the Aboitiz Group, of which Aboitiz is also chairman of the board.
The company, established in 1994, builds bulk carriers, as well as car and truck carriers for international clients.
Aboitiz said the company started with less than 2,000 workers, but now employs 11,000 workers with an annual payroll of about P2 billion.
On Wednesday, President Benigno Aquino III went to the company’s sprawling shipyard in Balamban town, some 50 kilometers west of Cebu City, and commended the Filipino and Japanese joint venture for completing the largest ship ever built in the country, the mv Tenshu Maru.
The mv Tenshu Maru, a 180,000-DWT bulk carrier, stretches 286.9 meters long and 45 meters wide, with a gross tonnage of about 92,400.
In his speech after the ceremony of naming the mv Tenshu Maru, the president thanked Tsuneishi Heavy Industries Cebu, Inc. “for the jobs you have provided for our people, for the trust and confidence in our nation, and for expressing your solidarity with our agenda of hope.†- pna
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