Cebu City & Province

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Re: Cebu City & Province

Post by Jan on Mon Dec 16, 2013 5:49 pm


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Re: Cebu City & Province

Post by Jan on Fri Dec 27, 2013 10:10 pm



Source: https://www.facebook.com/lavieparisiennecebu

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Re: Cebu City & Province

Post by Jan on Sun Dec 29, 2013 5:21 pm

Museum of illusions opens








Imagine yourself being carried in King Kong's hand, or crossing a wrecked hanging bridge on a deep cliff or mingling with dinosaurs.

You can pretend to do all this in a "miracle art museum" that opened in Cordova town in Mactan island.

"I've learned that this is very famous in Korea and they brought it here. The first time Filipinos will get to experience it is here," said Cordova Mayor Adelino Sitoy.

Cebu Happyworld Museum in barangay Gabi opened last December 7 and is owned by the same Korean company that operates the Cebu Yellow Submarine.

Daily tours from 10 a.m. to 10 p.m. bring visitors to experience 80 painted murals whose optical illusions present three dimensional images of world famous works in the 4,000-square meter facility.

Fredi Lee, who manages the museum, said people of all ages will be surprised by the use of featured light refraction and reflection techniques.

He said through "miracle art," visitors become directors or protagonists in the paintings, or participate by doing imaginative and fun poses in front of the artwork.

Entrance fee is P400 for adults; P300 for students 12-17 years old; and P200 for children four to 11 years old.


Source: http://cebudailynews.ph/news/story/23512/museum-of-illusions-opens

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Re: Cebu City & Province

Post by Jan on Sun Jan 05, 2014 10:14 pm

Portofino Resort in Mactan stops operation effective January 5th


The local favorite Portofino Beach Resort in Mactan has officially announced its closure following the sale of the lot where it is operating. From a newspaper clip posted on a Facebook Page, the said resort will stop its operation effective today, January 5, 2014.


The announcement stated as follows:

CLOSURE ANNOUNCEMENT

Please be informed that Portofino beach resort, Inc. situated at Angasil Mactan, Lapu-Lapu City will cease its operation effective January 5, 2014 due to the sale of the land in which the resort is operating.

The Board would like to thank all the Patrons of Portofino Resort, through the years. As much as you enjoyed the amenities/facilities of Portofino, we enjoyed your company as well.

The Board of Directors of Portofino Resort, Inc.
There was a speculation that a company named Mega World sold the property and an establishment, Resorts World, will replace the area where Portofino Resort operated.

However, these details are not yet finalized. Further research will be done on this matter and updates will be posted soon.




Source: http://cebufinest.com/portofino-resort-in-mactan-stops-operation-effective-january-5th/

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Re: Cebu City & Province

Post by Jan on Sat Jan 11, 2014 7:13 am

Oil Discovery in Cebu


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Retirement facility in SRP

Post by Jan on Wed Jan 29, 2014 8:46 pm

Retirement facility in SRP to earn P35B for city


By Jujemay G. Awit
Thursday, January 30, 2014


THE proposed retirement facility in the South Road Properties (SRP) is expected to generate P35 billion in 25 years.

The projection was made by I-Land Way Phils. Inc. president Kazuhito Matsuda in a formal presentation with the Cebu City Government representatives Tuesday night at the Casino Español.

I-Land wants to lease a 1.2 hectares of the SRP so it can put up a retirement facility for Japanese retirees.

The company is willing to invest P1.41 billion for three buildings with a total of 885 units that can accommodate 1,125 retirees.

Just a day after the presentation, six councilors pushed for the approval of the terms of reference for the lease of the 1.2-hectare lot.

The proponents were Councilors Gerardo Carillo, Hanz Abella, Richard Osmeña, Noel Wenceslao, Mary Ann de los Santos and Dave Tumulak.

While it has always been perceived that the Bando Osmeña Pundok Kauswagan (BOPK) is trying to block the development of the SRP, three of the proponents are all allies of the group.

The approval will have to wait for the result of the executive session on Feb. 19.

Concern

Invited to appear before the Council’s executive session are the bids and awards committee, SRP Manager Roberto Varquez, City Legal Office, city appraisal committee and the City Planning and Development Office.

Councilor Alvin Dizon moved for the inclusion of I-Land in the executive session, but Councilor Margarita Osmeña explained that it may not be necessary yet because the content of the terms of reference will only concern the Cebu City Government.

I-Land proposed to lease the property at $.50 per square meter, every month.

The only other lessor at the SRP is Bigfoot Global Solutions, which leased a two-hectare property in the area at $.40 per square meter per month.

The City Appraisal Committee recommended a floor price of P50 per square meter per
month as the proposed rental fee.

The committee was composed of then city assessor Eustaquio Cesa, who is now designated to assist at the City Treasurer’s Office; appointed City Engineer but designated as City Planning and Development Coordinator Kenneth Enriquez; and Acting City Treasurer Diwa Cuevas.

Price

The floor price was based on the 2009 appraisal of the North Reclamation Area (NRA) at P37.5 per square meter per month.

Considering the valuation and the amenities surrounding NRA, which was deemed more than what surrounds the SRP, the committee arrived at the 50-peso per square meter appraisal.

Matsuda believes I-land’s project will benefit Cebuanos in terms of labor opportunities and the economy of the City.

Construction of the retirement facility is aimed to start within the first half of 2015 and expected to be completed in 2019.

Source: http://www.sunstar.com.ph/cebu/local-news/2014/01/30/retirement-facility-srp-earn-p35b-city-325748

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Re: Cebu City & Province

Post by Jan on Wed Jan 29, 2014 8:51 pm

Cold weather’s toll now P26M


By Elias O. Baquero and Flornisa M. Gitgano
Thursday, January 30, 2014


AT LEAST P26 million worth of crops and livestock have been lost in the Province of Cebu, including Cebu City, because of the cold weather, officials said.

In Cebu City, a total of 354 hectares of vegetable plantations were damaged and 134 heads of livestock have died, with an estimate value of P22.24 million.

“Financial assistance for the affected farmers and animal owners is being considered.

The provincial veterinarian, Dr. Rose Vincoy, recommends restocking animals, subject to guidelines,” said Provincial Information Officer Ethel Natera in a text message.

Cebu City Hall’s agriculture and veterinarian’s offices will work with the Department of Agriculture (DA) on Oplan Kabukiran, which is tasked with addressing the needs of farmers.

Tests by the DA showed that one cause of the upland animals’ deaths is pseudomonas SPP, a bacterial infection that strikes creatures whose immune systems have been compromised by stress, such as that caused by prolonged exposure to cold weather.

Veterinarian Dr. Ted Dabocol of the DA 7 diagnostic laboratory, said a press statement from the agency, said the infection causes fever, chills and general weakness among
animals subjected to stress such as prolonged cold, rain or warm weather.

“Animals can build resistance against such bacteria through proper nutrition and shelter from the elements that cause them stress and lower resistance to diseases,” the statement added. It said antibiotics and vitamins had been distributed to the livestock owners.

Crops affected

The cold spell has recently prompted the Cebu City Council to declare 17 barangays under a state of calamity.

It sent a damage assessment report to the Provincial Agriculturist Office, where it identified some of the affected barangays as Lusaran, Adlaon, Sirao, Tagba-o, Taptap, Bonbon, Guba, Cambinocot, Paril, Budlaan, Pung-ol Sibugay, Sudlon II, Sudlon I, Sinsin and Tabunan.

The damage to crops in 15 of the affected barangays has reportedly reached P1.745 million. Barangay Tagba-o reported the highest estimate, at P579,800 worth of crops lost. It also reported the loss of 22 heads of cattle, eight goats, 30 chicks and a sheep.

Among the crops affected are sweet corn, eggplant, bitter gourd, tomato, string beans, baguio beans, lettuce, cucumber, peppers, spring onion and cabbage.

Fruits like bananas and mangoes, and some orchids have also been affected.

Last Jan. 21, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pag-asa) in Mactan recorded the coldest temperature in Cebu so far this year, at 21.8 degrees Celsius.

Prep time

Pag-asa chief Oscar Tabada said that in Cebu’s mountain barangays, the temperature probably reached 18.2 degrees Celsius.

Provincial Agriculturist Roldan Saragena pointed out that the weather in recent days was no longer as cold as last week, so the residents may plant soon the high-value vegetable seeds that the Capitol will distribute.

Saragena said that a month after the seeds are planted, some crops like kangkong, pechay and other leafy vegetables can then be harvested.

“Gradually mawa na ning kabugnaw. Timing pud kaayo maprepare pud nila pagbalik ang ilang umahan (The weather will get warmer soon. Farmers can use this time to prepare their fields),” said Saragena.

In Balamban town, the cold weather has been blamed for the deaths of 43 cows, 11 goats, two horses and two carabaos, with an estimate value of P995,000.

About 93 hectares of vegetables, estimated at P2.904 million, were also damaged, according to an initial assessment by municipal agriculturist Felojyn Sundo.

The 11 barangays affected in Balamban are Gaas, Sunog, Cabasiangan, Nangka, Hingatmonan, Cansomoroy, Vito, Cabagdalan, Liki, Biasong and Singsing.

Seeds, fertilizers

Danao City Agriculturist Mario Gorre reported, for his part, that nine hectares of crops were damaged in three barangays, causing the loss of some P710,000.

These are Barangays Sacsac, Lawaan and Dungga.

Provincial Agriculturist Roldan Saragena said the Province will initially purchase P100,000 worth of vegetable seeds and organic fertilizers for the affected local governments.

The Provincial Agriculture Office has yet to receive the damage assessment in Dalaguete and Toledo City.

A team from the Provincial Veterinary Office (PVO) was sent last week and took blood samples from the affected animals to find out what killed them.

Based on the Provincial Information Office’s (PIO) press statement, the PVO is conducting a two-day mission in Balamban, which started yesterday.

The team brought feeds, vitamins, antibiotics and Betadine solution for the animals.
A monitoring team was also assigned in the area.

Cebu Gov. Hilario Davide III said he plans to visit the affected barangays in
Balamban.

24-hour office

In Cebu City, Joel Elumba, OIC-regional director for regulations of the DA, met with Cebu City Veterinarian Pilar Romero and City Agriculturist Joey Baclayon yesterday afternoon.

They decided to implement Oplan Kabukiran, a task force to address the needs of farmers affected by the extreme weather.

Elumba said they established an extension office in Barangay Taptap with staff from the city agriculturist and veterinarian’s offices, so any farmer’s call for help can be responded to 24 hours a day.

Romero will head Oplan Kabukiran’s unit for health concerns, while Baclayon will lead the task force on crop health.

DA 7 assists by providing vitamin supplements and antibiotics and by collecting blood for lab tests, when needed.

Elumba added that supplements, such as vitamins A, D and E, will be administered to animals in the affected areas.

Another activity of Oplan Kabukiran will be teaching farmers in affected areas about the proper care of livestock and crop management in extreme weather conditions.


Source: http://www.sunstar.com.ph/cebu/local-news/2014/01/30/cold-weather-s-toll-now-p26m-325750

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Re: Cebu City & Province

Post by Jan on Fri Feb 07, 2014 2:26 am


Rockwell invests P2B in Cebu


By Jeandie O. Galolo
Thursday, February 6, 2014


PROPERTY developer Rockwell Land has finally entered Cebu with their 32 Sanson residential project as its introductory development outside Metro Manila.

The P2-billion project will sit on a 3.2-hectare property in Lahug, where a furniture factory owned by the Aboitiz family used to operate. Rockwell bought the land in 2012, said 32 Sanson general manager Paolo Ernesto V. Reyes.

Rockwell president and chief executive officer Nestor J. Padilla told Sun.Star Cebu in a separate interview that the company has chosen to build in Lahug because of its proximity to vital business districts and prominent schools, "while at the same time remaining tranquil and private."

The 32 Sanson project will introduce Rockwell's low-rise development, which Reyes said has been matched to its surroundings, encircled with greenery. Reyes said there will be five structures of five floors each; all are set to be completed in 2016.

Natural

“Rockwell’s expansion outside of Manila was a natural step following our expansion throughout Metro Manila. After the positive reception Rockwell received in Ortigas, Quezon City, and San Juan, we were truly eager to venture out regionally,” said Padilla.

Rockwell has already completed eight residential projects since it started in the 1990s. Currently, it has six ongoing residential developments. The developer has also ventured into commercial developments, with two already completed and one ongoing project, still concentrated in Metro Manila.

“The vibrant city of Cebu has always been attractive to Rockwell. Its booming economy, relaxed lifestyle and lively personality was something Rockwell sought to participate in,” Padilla replied when asked why it tapped Cebu for its 32 Sanson project. He added that the increasing number of new developments in the province has also pushed them to consider investing here.

Prior to the launching of 32 Sanson, which is set on February 25, the developer has already sold 10 percent of the total number of units.

Investors

The development targets the high-end market. It is also eyed not only for end-users but also for investors who are planning to invest in Cebu.

Padilla said the company has a homegrown residential leasing team that will ensure its investors, who are leasing out their units, see positive yields. They also have a property management team that will assure unit owners that their properties will remain pristine even years after the turnover.

The condominium has 355 units with floor areas ranging from 64 square meters to 144 square meters. Reyes said buyers may choose from among one-bedroom, two-bedroom, and three-bedroom residences. There is also an exclusive selection of garden units at the ground level. Prices range from P7 million to P20 million.

Padilla said the company is looking out for "more opportunities" to build in Cebu. Reyes said Rockwell is also eyeing expansion in Davao.

Track record

Rockwell Land of the Lopez' family is popular in Metro Manila for developing the Rockwell Center, a self-contained and mixed use development that incorporated the construction of high-rise residential towers, upscale shopping mall, office spaces, exclusive city club, and a graduate business and law school.

Its completed residential projects include Rizal Tower, Hidalgo Place, Amorsolo Square, Luna Gardens, The Manansala, Joya Lofts and Towers, One Rockwell, Edades Tower and Garden Villas, The Grove by Rockwell Towers A and B, and 205 Santolan by Rockwell.

Its six ongoing residential projects include 205 Santolan by Rockwell, The Grove by Rockwell Towers C to F, The Proscenium, 32 Sanson, and 53 Benitez by Rockwell Primaries.

Source: http://www.sunstar.com.ph/cebu/business/2014/02/06/rockwell-invests-p2b-cebu-327039

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Re: Cebu City & Province

Post by Jan on Fri Feb 07, 2014 2:32 am

Consuls see SRP’s investment potentials


By Jujemay G. Awit
Friday, February 7, 2014


UNITED States, Israel and Poland, through their respective consuls in Cebu, think that the South Road Properties (SRP) is a viable area for investment.

“It’s a good location, accessible and it’s right next to the ocean,” said United States Honorary Consul John Domingo of the SRP.

This came to light because of the proposal of the Japanese Group I-Land Ways Philippines to put up a 1.2-hectare retirement facility at lot 7 of the SRP.

I-Land expects the construction and operation of the facility to generate employment to at least 3,000 Cebuanos.

So far, there are no US investors making formal pronouncements of their interest in the SRP.

Domingo said he sees potential for more condominiums, electronic factories and business process outsourcing (BPOs) at the SRP.

Israel Honorary Consul Emily Benedicto-Chioson agreed that SRP is a good place to invest in and she will do her part to promote it to Israel.

On the part of Poland Honorary Consul Carmel Durano, she said that there was no formal presentation on the SRP to Poland.

Durano believes that once she gets the concept and if there is a formal offer from the Cebu City Government to promote the SRP, then she would do so in Poland.

The SRP is a major development of the Cebu City Government that is over a decade in the making.

So far, the SRP has three locators, but only Bigfoot Global Solutions have a lease contract of 25 years at $.40 per sqm. every month.

SM properties

SM Prime Holdings Inc. and Filinvest Land Inc. (FLI) both bought properties for their respective developments. The latter also has a joint venture with the Cebu City Government.

Yesterday, I-Land Ways president Kazuhito Matsuda, flanked by SRP Manager Roberto Varquez and interpreter Junta Shinozowa, presented its proposal to the members of the media.

Last week, they shared the same presentation to the Cebu City officials.

Matsuda said Japan is aging fast with senior citizens representing 25 percent of the population and is expected to rule a third of the population by 2020.

“Japan’s senior citizens have the highest savings level in the world with each retiree having a personal savings from P8 to 10 million,” Matsuda’s report stated.

If the retirement facility, which could house over a thousand retired Japanese, comes to fruition, over half a billion pesos a year would be spent in Cebu City by the retirees and their families and friends who may come to visit.

According to I-Land’s computation, a retiree may spend P1,000 a day in tourism activities in Cebu City, which would translate to P405 million annually.

Varquez admits the group’s estimate is “very optimistic.”

“Satisfied retirees become the City’s ambassadors of goodwill who can bring in their family members and friends to visit as tourists,” I-Land also claimed, which means additional income for the City.

Buildings

The facility is composed of three buildings and construction alone may employ 1,000 workers. This means that about 5,000 people will directly benefit from the construction because these workers have families.

Additional 2,000 employees would be needed during actual operations of the facility as the company will have to hire hotel services staff, restaurant managers, caregivers and other medical staff.

The first building will have 16 storeys, 25 storeys for the second building and 30 floors for the last building. Cumulatively, the buildings will have 1,125 units.

The biggest draw for I-Land to invest in the Philippines is Japan International Cooperation Agency or JICA’s participation in the SRP development.

The City Government took out a loan from JICA, and Matsuda said he feels safer investing in something owned by the government.

Matusada also shared a Long Stay Foundation study on the best countries to retire and the Philippines came out seventh. Malaysia ranked first followed by Thailand and Hawaii.

Aside from that, Matsuda said, “It’s also the hospitality and personality of the people.”

Varquez said the biggest consideration for the I-Land is the peace and order situation. This was followed by cheap prices in the City compared to Japan and the natural beauty of Cebu’s environment.

A direct flight to and from Japan through Tokyo and Osaka is only four hours.

I-Land said it was impressed by the SM and FLI development at the SRP, including the proposed internal Bus Rapid Transport (BRT) system.

The group hopes the facility can start construction next year. This means that the first building can be operational by 2017, the second building a year later and the third in 2019.

Source: http://www.sunstar.com.ph/cebu/local-news/2014/02/07/consuls-see-srp-s-investment-potentials-327064

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Re: Cebu City & Province

Post by Jan on Fri Mar 07, 2014 9:33 am

Cebu Yellow Submarine

Photo By: http://testtiger.ph/


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Re: Cebu City & Province

Post by Jan on Thu Jul 10, 2014 11:34 pm

Samsam to JVR: Study water park proposal in Mananga River


CEBU, Philippines - Cebu first district Rep. Gerald Anthony “Samsam” Gullas has advised Talisay City Mayor Johnny V. de los Reyes to carefully study his proposal to make Mananga River a water park with recreational activities.

Gullas, whose district includes Talisay City, said a thorough study is needed to ensure that the plan would not endanger the public.

“Maybe there should be a study about it, if it is feasible, why not?” said Gullas.

According to Gullas, de los Reyes should take into consideration that the river overflows during heavy rains. Gullas said that public safety should be the prime consideration before embarking on such project.

De los Reyes, who owns a nature park in Barangay Gaas, Balamban, earlier said that he is thinking of making something out of the Mananga River for the city residents and tourists to enjoy.

De los Reyes said he may put up water rides, a zip line adventure, and other thrilling activities in the river. The neophyte mayor said he may pattern Mananga River’s development after his park in Balamban.

Despite the several controversies hounding the administration of de los Reyes, Gullas believes that the first termer mayor was doing his best for the city.

“Sometimes we have differences in opinion. But I really think that Mayor JVR is doing his best for the City of Talisay. Lain-lain lang gyud among panlantaw (for Talisay),” the young congressman said.

De los Reyes defeated Gullas’ grandfather, former Rep. Eduardo Gullas, in the May 2013 elections. – (FREEMAN)


Source: http://www.philstar.com/cebu-news/2014/07/09/1344186/samsam-jvr-study-water-park-proposal-mananga-river

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Re: Cebu City & Province

Post by Jan on Fri Jul 11, 2014 12:26 am

Austrian firm submits cable car proposal system for Cebu City

Cebu City, Cebu – First was the proposal for a light rail transit (LRT) system. This was followed by a plan to to launch a bus rapid transit (BRT) mass transport system. Now, an Austrian company is proposing the establishment of a cable car system to help solve traffic congestion in major streets here.

Mayor Michael Rama said the City Council will hold an executive session with the Doppelmayr Garaventa Group to learn more about the latter’s proposal to set up a cable car system in the city’s mountain barangays as an alternative mode of transportation.

Doppelmayr is an Austrian company that manufactures chairlifts, cable cars, gondolas, surface tows for ski and amusement parks as well as urban people movers and material handling systems. To date, Doppelmayr has produced over 14,400 installations in 88 countries.

Norbert Federstein, Doppelmayr area manager for Asia-Pacific, said cable cars are environment-friendly and user-friendly, an alternative to the earlier proposed BRT and light railway transit system.

Still, even as he has yet to hear what the Doppelmayr group has to say, Rama does not seem too be keen on the idea, saying that cable cars may be more appropriate for recreation facilities rather than for mass transportation.

“We are not used to this kind of transportation and we know a lot of people are afraid of heights,” said Rama, who is known to support the plan for a bus rapid transport system for the city.

The cable car proposal of Doppelmayr came after the National Economic and Development Authority Board deferred approval of the city’s proposed P10-billion BRT mass transport system.

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Re: Cebu City & Province

Post by Jan on Tue Aug 19, 2014 7:47 pm



ISLAND’S FUTURE. If a study by the Japan International Cooperation Agency is followed, a third bridge would rise connecting Mactan and mainland Cebu through Shell Island, which used to be a fuel depot and later a facility of the University of Cebu’s maritime department. (Alex Badayos)


A STUDY team of the Japan International Cooperation Agency (Jica) has recommended five bridges connecting Mactan Island and mainland Cebu, which will support future growth of the metropolis.

Of the five proposed structures, two got the highest acceptance rating: the bridge connecting Cordova and Cebu City with one foot on Shell Island, also known as Bridge D; and Bridge A, which would be on the other side of the Marcelo Fernan Bridge to support transfer of the Cebu Port Authority’s container port to Tayud, Consolacion.

Dr. Primitivo Cal, a consultant of the Jica study team, said the alternative bridges will be presented to the Metro Cebu Development and Coordinating Board (MCDCB), which is composed of 13 local government units.

Cal said the Jica study involves urban growth management up to 2050.

The study also compares the advantages or disadvantages of linear growth, an urban sprawl model, and dispersed growth, which supports the creation of urban centers up to Carcar City in the south and Danao City in the north.

Unsolicited

Cal said the Metro Pacific Tollways Corp., a subsidiary of Metro Pacific Investments Corp., submitted an unsolicited proposal for Bridge D or the third bridge.

Bridge D is projected to cost P33.1 billion. The structure includes a 10-kilometer bridge approach from Barangay Pilipog, Cordova to Shell Island and a 710-meter bridge from Shell Island to Cebu City, near the mouth of Guadalupe River.

The Jica study noted that the approach of Bridge D will be built over a large mangrove area and will affect about 30 houses on the Mactan Circumferential Road (Tiangue Road).

Cal said Bridge A would handle the traffic of container trucks plying Mactan and mainland Cebu.

“Additional trailer traffic to Route A could be equivalent to one-fourth of container trailer traffic to be generated (if the) container terminal would be transferred to Tayud, Consolacion,” Jica report stated.

Cost

Bridge A would have six-lanes and would be 420-meters long. The bridge is projected to cost P12.8 billion with a proposed P3.2-billion rail system.

Bridges A and D got the highest acceptance in surveys conducted in the cities of Mandaue Lapu-Lapu and Cebu and in Cordova town.

Cal said the Jica study focuses on the connection between Mactan Island and mainland Cebu because of Cordova's proposed reclamation project, Lapu-Lapu City's north reclamation plan and the expansion of the Mactan Cebu International Airport.

The Jica study also identified a bridge between Bridge D and the old Mactan-Mandaue Bridge and another between the old structure and Marcelo Fernan Bridge.

The fifth proposed bridge would be the longest and most costly at P40 billion. The main bridge would be 1,220 meters and the approaches would reach 9,650 meters. It is envisioned to connect Cordova and farther south of mainland Cebu.

The Jica study also looked into mass rapid transit systems from Carcar to Danao.


Source: http://www.sunstar.com.ph/cebu/local-news/2014/08/19/study-proposes-5-bridges-360550

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Re: Cebu City & Province

Post by Jan on Tue Aug 19, 2014 7:48 pm

Tsuneishi expanding capacity of Cebu shipyard


Japanese shipbuilder Tsuneishi Heavy Industries (Cebu) Inc. is expanding the production capacity of its shipyard in Balamban, Cebu to boost annual revenues to P36 billion in 2014 and make it as the largest facility in Southeast Asia.

The company, a joint venture between Tsuneishi Group Shipbuilding Inc. of Japan and Aboitiz Equity Ventures Inc., with 80-percent and 20-percent stake, respectively, aims to raise annual production from an average of 12 ships over the last 19 years to 21 ships this year, ranging from 35,000-tonner bulk carriers to 180,000-tonner cargo vessels.

It said beyond 2015 and 2016, it would further expand capacity to build 25 to 30 vessels a year.

“In about 20 years, we see ourselves as the ‘mother shipyard’ among Southeast Asian countries and this part of Cebu [Balamban] as the shipping capital of the Philippines,” Tsuneishi Heavy Industries president Hotoshi Kono said in a news briefing Monday at the Makati Shangri-La Hotel.

Tsuneishi Heavy Industries, which created 13,261 direct and indirect jobs in the Philippines, said it would also start selling ships to domestic shipping companies, by manufacturing smaller 35,000-tonner vessels. The company already has orders for three vessels for interisland shipping.

The company invested P30.4 billion over the last 20 years, which saw four expansion modes. It currently operates two slipways and one dockyard in Balamban, Cebu, inside a Philippine Economic Zone Authority-managed economic zone.

Revenues in 2013 fell to less than P30 billion from P41 billion in 2012, as the shipbuilding sector was adversely affected by the economic slowdown in the US and Europe.

Tsuneishi Heavy Industries said it expected revenues to replicate the 2012 revenues by 2017 or 2018.

Tsuneishi Heavy Industries said while it also had shipyards in China and Japan, the Cebu shipyard was the only facility capable of making 180,000-tonner bulk carrier.

Aside from its shipyard, Tsuneishi also brought nine parts suppliers which were mostly Japanese and Filipino companies.

Tsuneishi’s ships ply the seas of Brazil, Japan, Europe, China and Singapore.


Source: http://manilastandardtoday.com/2014/08/19/tsuneishi-expanding-capacity-of-cebu-shipyard/

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