HD Hyundai’s new Philippine yard to open in January with capacity for 10 ships a year

South Korea’s HD Hyundai is set to start shipbuilding in the Philippines from January next year, with a revamped Subic Bay yard capable of turning out up to 10 vessels annually. The shipbuilding giant has signed a 10-year lease for 200 hectares from Agila Subic, a Cerberus-owned operator of the former Hanjin shipyard, and will …