Developments In The Philippines’ Maritime Industry

  • Philippines Continues To Attract Foreign Shipbuilders’ Interest

    OCEA, a shipbuilding firm in northwest France, has expressed its intent to build a PHP1.5-billion shipyard in the country. In a statement, the Department of Trade and Industry (DTI) said OCEA is just one of the investment interests from France that the country has cornered during the 9th Philippine-France Joint Economic Committee (JEC) meeting.

    OCEA’s shipyard here is expected to create up to 600 jobs.

    During the high-level economic dialogue, French Minister of Foreign Trade and Economic Attractiveness Franck Riester also presented three letters of intent confirming financial support for the upcoming projects of the Department of Transportation (DOTr), financial aid in support of a training boat contract for the Philippine Merchant Marine Academy (PMMA); and a possible maritime expert proposal. (Source: pna.gov.ph)

  • Philippines’ Shipyards Eyes Expansion

    State-owned Development Bank of the Philippines (DBP) has granted a PHP4.17-billion term loan to Megaship Builders, Inc. (MBI) to upgrade and expand its shipbuilding and ship repair complex in Albuera, Leyte.

    Loan proceeds will be used to partially finance the construction of the shipyard’s second and third slipways, office building, and other support facilities.

    Once completed, this shipyard expansion project is expected to increase the capacity of the shipyard from 10,000 deadweight tonnage (DWT) to 200,000 DWT, thus accommodating an average of 10 vessels per month from the current two vessels per month. (Source: pna.gov.ph)

  • Filipino Shipbuilders Mull Over Building Bigger Vessels For PH Navy

    Filipino shipbuilder, Propmech Corp., which had supplied the Philippine Navy with the small but potent multi-purpose attack craft (MPAC), is looking at building bigger defense vessels in its future plans.

    They are currently exploring the possibility of extending the length from 18 meters to about 32-meter boats with designs that can be purchased from abroad to help kickstart local shipbuilding of maritime defense-related craft. There could also be partnerships with reputable international defense shipyards to improve the Philippines’ capability in building bigger ships. (Source: newsinfo.inquirer.net)