{"id":88246,"date":"2025-08-14T00:00:00","date_gmt":"2025-08-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/08\/14\/hd-hyundai-to-invest-usd-550-mn-in-filipino-shipyard\/"},"modified":"2025-08-14T00:00:00","modified_gmt":"2025-08-14T00:00:00","slug":"hd-hyundai-to-invest-usd-550-mn-in-filipino-shipyard","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/08\/14\/hd-hyundai-to-invest-usd-550-mn-in-filipino-shipyard\/","title":{"rendered":"HD Hyundai to invest USD 550 mn in Filipino shipyard"},"content":{"rendered":"

South <\/strong>Korean shipbuilder HD Hyundai will <\/strong>take <\/strong>over a facility in the <\/strong>Philippines\u2019 Subic Bay<\/strong>, as part of a 10-year lease contract, The Manila Times<\/a> reports. HD Hyundai will reportedly invest USD 550 mn in the facility over 10 years, reviving the country\u2019s halted shipbuilding industry. <\/p>\n

About the project:<\/strong> The facility will span 200 hectares leased from Agila Subic \u2014 an abandoned shipyard bought by alternative investment outfit Cerberus<\/a> in 2022, after its owner, Hanjin Heavy Industries, went bankrupt in 2019, The Manila Times<\/a> reported separately. The facility will initially construct tankers of up to 250 meters in length over a build time of 16-18 months, before scaling up production capacity to 10 vessels per year, according to the outlet. Operations are set to begin in January 2026.<\/p>\n

HD Hyundai\u2019s eyeing a bigger global footprint: <\/strong>The Korean shipbuilder is reportedly<\/a>considering<\/a> bidding for the rights to operate the Casablanca shipyard, which would better suit its services to Europe and the Mediterranean. HD Hyundai also set in motion its plans to expand its Vietnam operations late last year, Lloyd\u2019s List reported<\/a> at the time.<\/p>\n","protected":false},"excerpt":{"rendered":"

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