Tsuneishi Heavy Industries' shipyard in Cebu (THICI), the Philippines, has recently completed a US$250,000 expansion project to build a fourth slipway.
With the expansion now complete, the shipyard will be able to construct bulk carriers up to 190,000DWT.
THICI Director Roberto Aboitiz said that the shipyard planned to increase its building capacity from 14 per year to 22 by 2011.
"Cebu has shown that it can build high quality vessels," Mr Aboitiz was quoted as saying by the Business Mirror.
Mr Aboitiz added that the shipyard had received several orders from overseas clients and that the yard's order book was full up to 2013. He said that the shipyard would pursue more projects to add to its work schedule.
The shipyard most recently delivered the 58,000DWT 'Medi Segesta' to Orient Line in July. This was the builder's 97th vessel.
THICI is a joint venture between Tsuneishi Holdings, Japan and Aboitiz & Co, the Philippines.
