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

Rich Abott By
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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"…

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