Philippines Marks Re-Opening Of Subic Bay Shipyard With Korea’s HD Hyundai

HD Korea Shipbuilding and Offshore Engineering (HD KSOE) held a steel-cutting ceremony at the new HD Hyundai Philippine Shipyard on Sept. 2, 2025. Pictured center is Philippines President Ferdinand “Bongbong” Marcos Jr, flanked by HD KSOE Offshore Engineering CEO Kim Sung-joon on the left and South Korean Ambassador to the Philippines Lee Sang-hwa on the right as well as U.S. Ambassador to the Philippines Mary Kay Carlson on the far right. (Photo: HD Hyundai)

The Philippines government and South Korea’s HD Hyundai marked the opening and start of production at the company’s new shipyard in Subic Bay, Philippines following backing from Korean and American investments. On Sept. 2, HD Hyundai’s regional holding company, HD Korea Shipbuilding and Offshore Engineering (HD KSOE), held a steel-cutting ceremony at the new HD Hyundai Philippine Shipyard, marking the start of construction on the first of four 115,000-ton petrochemical carriers. The ceremony was led by Philippines President Ferdinand "Bongbong"…

Contract Updates

BAE Systems Space & Mission Systems Inc. (Boulder, Colorado) – $48,000,000

BAE Systems Space & Mission Systems Inc., Boulder, Colorado, was awarded a $48,000,000 firm-fixed-price contract for the study, design, development, enhancement, testing, and procurement of advanced communication-electronics technologies. Bids were solicited via the internet with one received. Work locations and…

Portus Stevedoring LLC (Jacksonville, Florida) – $8,292,583

Portus Stevedoring LLC, Jacksonville, Florida, is awarded a not-to-exceed $8,292,583 firm-fixed-price, indefinite-delivery/indefinite-quantity contract with a five-year ordering period for stevedoring and related terminal services. This contract provides for full range of stevedoring and related terminal services to include the receipt,…

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Philippines Marks Re-Opening Of Subic Bay Shipyard With Korea’s HD Hyundai

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BAE Systems Space & Mission Systems Inc. (Boulder, Colorado) – $48,000,000

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