[3] In January 2019, the company filed for the largest bankruptcy in Philippine history with unpaid loan obligations amounting to US$412 million.

[4] As part of its overseas expansion process in 2004, Hanjin Heavy Industries and Construction started building a shipyard on the Redondo peninsula, southwest of Subic, Zambales.

"[5] Huntington Ingalls said in a news release that the companies "will work together in providing maintenance, repair and logistics services to the U.S. Navy and other customers in the Western Pacific region.

[citation needed] The shipyard is located on the eastern side of Redondo peninsula, in Agusuhin sitio, in Zambales province on Luzon.

[7] A large number of Koreans and Romanians who form the upper management of the shipyard live on site in barracks (colloquially called chicken coops).

[citation needed] Additionally, two smaller company-owned fast ferries transport a small number of the owners' representatives from Hanjin jetty near All Hands Beach, Subic Bay Freeport Zone to the shipyard.

[8] However, with 20 vessels in different stages of construction at the time, the company found it difficult to service its high debts or to get further extensions from its lenders.

[10][needs update] Australian shipbuilder Austal and US-based private equity firm Cerberus Capital Management considered launching a joint bid to take over the Subic shipyard.

After the Congressional inquiry, legislators required the company to build a medical center and comply with industrial safety laws within six months.

Workers have since continued to express complaints of abuse by management; one such incident was caught on camera and distributed to the Filipino news station ABS-CBN.

According to organizers, who have started a blog to document abuses, 60 employees have been terminated for union-related activity, and over 30 have been killed in workplace accidents since the shipyard opened in 2006.

Additionally, it has undertaken offshore construction work such as building CALM buoys for the Malampaya gas field project.