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    Ancient shipping. An archeologist is holding a Spanish gold coin and three Portuguese silver coins and brass dividers found in a wreck in Namibia, Africa. De Beers, the world’s biggest undersea diamond miner, said its geologists in Namibia found the wreckage of an ancient sailing ship still laden with treasure, including six bronze cannons, thousands of Spanish and Portuguese gold coins and more than 50 elephant tusks. --Bloomberg


     
    ‘No special treatment for Hanjin’
     
    By Henry Empeño 
    Correspondent

    SUBIC BAY FREEPORT—A Subic Bay Metropolitan Authority (SBMA) official said on Tuesday that Korean shipbuilder Hanjin Heavy Industries Corp.-Philippines (HHIC-Phil) that has a $1.6-billion shipyard here is treated “like all the other investors in Subic.”

    Ramon Agregado, SBMA senior deputy administrator for support services, was responding on Tuesday to growing criticism of alleged coddling by the SBMA of Hanjin, in whose shipyard several accidents had already killed workers. The SBMA had also lately been slammed for allowing Hanjin to build high-rise housing for the latter’s executives inside the economic zone’s virgin forest. Hanjin and SBMA officials had justified the construction by saying the facilities were built on an area that had long been cleared by the Americans when they still controlled Subic base, and that site formed part of the US command’s naval magazine.

    “While Hanjin has extraordinary requirements because of its tight construction and delivery schedule, we always follow rules and regulations,” said Agregado on Wednesday. “There were no shortcuts, although we try to make the process more efficient.”  

    This, as the Senate Committees on Economic Affairs and Environment and Natural Resources called for a hearing on Wednesday to determine whether Hanjin had received preferential treatment from the agency.

    Sen. Loren Legarda, who authored a resolution seeking an inquiry into the incentives and privileges granted to Hanjin, said the inquiry was meant to “ensure that [the] preferred status of investors in economic zones is not abused.”

    On Sunday, at a press conference in Olongapo City that commemorated the International Workers’ Memorial Day, Party-list Rep. Risa Hontiveros-Baraquel of Akbayan directed the attention of members of the House of Representatives to the plight of workers at the Hanjin shipyard, where several workers have died since 2006, when it opened.

    Hontiveros had described Hanjin as “a foreign company enjoying the graces of Malacañang.”

    Agregado, by way of denying further any soft treatment of Hanjin, said the South Korean firm is on track working at a fast pace in the face of orders for ships that it must complete before the deadlines set by shipping- company buyers.

    He noted that while Hanjin signed up as an investor here only in February 2006, it is now set to deliver the first ship built in Subic this June, or just a little over two years since starting Philippine operations.

    He added the firm has become a pioneer firm at Subic’s Redondo Peninsula—putting up power and water services in the area, thus opening up the former US Navy training site to more investors.

    “That’s the Hanjin factor,” Agregado said, acknowledging that the Hanjin project has been prioritized because of its huge economic impact. “But so far, no other locator in Subic has complained about this. If ever Hanjin gets prioritized, it’s not to the prejudice of the other investors.”

    “There is no special privilege for them.  We use the full regulatory powers of the SBMA to make it comply with rules and regulations,” he added.

    Agregado said the SBMA had prohibited some of Hanjin’s importations due to some pending collectibles from the company, and had penalized it for violations on environmental clearance certificate requirements and for its use of subcontractors that were not accredited by the SBMA.

    “We have even denied Hanjin’s claim for an exemption on wharfage fee, even when it has built the wharf for its use,” he said. “There’s a continuing effort to make Hanjin comply with regulations and guidelines.” 

    He said these guidelines include those that apply to workers’ wages and working conditions, immigration policies, shipyard operation which has been coordinated with the Maritime Industry Authority and compensation and relocation benefits for settlers affected by the shipyard expansion.

    He said around 17,000 workers are now employed by Hanjin and its subcontractors, and that the company avails itself of products and services from local food suppliers, transportation firms and housing providers, as well as leisure and recreational establishments.

    The firm has also built a skills development and training center in Subic, which is now the world’s largest training facility dedicated to shipbuilding workers, and contributes to technology transfer by sending its best trainees to Korea for additional training.

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