Hanjin Heavy's Subic yard snares first tanker orders

Manila: South Korea's Hanjin Heavy Industries Co. has won the first orders to build oil tankers at its new shipyard in the Philippines in a deal worth an estimated $130m, according to Reuters.
The two tankers, the biggest ever built in the Philippines, are to be delivered from Hanjin's $720m yard on Subic Bay, on the west coast of the island of Luzon, next year. Who has ordered these aframax tankers remains a mystery.  [26/03/07]