THICI

AcronymDefinition
THICITsuneishi Heavy Industries (Cebu) Inc. (shipbuilder; Philippines)
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THICI launched the SC-209, christened as the MV Emerald Star, its 185th since it began the shipbuilding operations in Cebu in 1994.
As of March, 2014, THICI has previously delivered 7 vessels and booked 21 ship orders for the rest of the year.
To make stronger the country s shipbuilding industry, Kono said THICI opened the Tsuneishi Shipbuilding Academy inside the shipyard s facility.
THICI president Hitoshi Kono organized the tour and a brief company business background presenting the 20-year milestone of the company and the challenges and success of THICI.
THICI serves as one of the best examples of a successful and growing foreign investment in the Philippines.
THICI started with 3,500 employees on a 55-hectare land at the West Cebu Industrial Park.
With the shipyard expansion completed in 2011, THICI currently covers 147-hectares of land with a building dock designed to accommodate a 180,000 deadweight metric ton type bulk carrier and has approximately 13,000 employees to date.
We need to expand our capacity because we anticipate more orders from foreign and local clients," Kono said, even as he revealed that THICI is set to deliver approximately 60 ships, or 20 orders annually starting this year until 2016.
At present, 80 percent of orders undertaken by THICI come from Japan, while the rest of its clients are from the Philippines, Europe, China, Singapore and Hong Kong.
The THICI head pointed that for 2014 alone, the company is set to deliver 20 ships that are already on the order book, that is, two 180,000 deadweight metric tons (DWT) type cape-size bulkers, 11 ships that are 82,000 DWT type KAMSARMAX bulkers, six 58,000 DWT type HANDYMAX bulker ships, and one 45,000 DWT box-type bulker.
Last January 20, THICI delivered the MV Frontier Zone, a 180,000 DWT capesize bulker, the biggest class ship ever built in the Philippines.
THICI ships out vessels of up to 180,000 deadweight tons to different parts of the world from the town of Balamban, Cebu in the central Philippines using the same high quality shipbuilding technologies and standards as those in Tsuneishi Japan.