South Korean shipbuilder Hyundai Heavy Industries (HHI) announced today that it signed a contract to build two 2,600 ton frigates for Philippine Navy.
The frigates will be designed as a smaller version of the Incheon-class frigate which is already in service with the Republic of Korea Navy.
According to HHI, the 107 meter frigates will be propelled with a CODAD (Combined Diesel and Diesel) propulsion system reaching maximum speeds of 25 knots.
With a projected range of 4,500 nautical miles range at a cruising speed of 15 knots, the ships will be operable up to Sea State 5, it was further said.
The first frigate is scheduled for delivery in 2020.
According to Lloyd’s List, the deal is worth Won370bn ($327.0m).
The construction deal was signed in Manila, Philippines, was attended by Chung Ki-sun, executive vice president of Corporate Planning Office of HHI, Delfin Lorenzana, Philippines’ Defense Secretary and Kim Jai- shin, Korean Ambassador to Philippines.