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Hanjin to expand Subic Yard

Philippines largest shipyard operator Hanjin Heavy Industries-Philippines (HHIP) has reserved an additional 150 hectares of land for the expansion of its Subic yard in its bid to handle swelling orders for new buildings as well as other projects. The expansion, which has an estimated investment cost of about $1 billion, is being geared towards the platform for the new Malampaya…