The company stated that construction of the maritime institute is part of its ship management plan to maintain safety and quality.
One aspect of this plan is to build a new training centre in the Philippines, which is set for completion at the end of 2007.
The new training centre will accept a total of 10,000 trainees a year, has accommodations for 110 people, a dining room and clinic. An actual-sized main engine in the workshop and a full-mission engine simulator will also be set up to help upgrade the skills of marine engineers.