Philippines Positioned as Ship Repair Hub

Manila Bulletin
Monday, November 26, 2012

The Philippines is ideally positioned in the Asia-Pacific region to repair ocean-going & fishing vessels according to a Japanese study.

The report was contained in a study on the ship building and ship repair industry of the Philippines conducted by the Japan International Cooperation Agency and the Nomura Research Institute as part of the ongoing formulation of industry roadmaps by the [Philippine] Department of Trade and Industry reports the Manila Bulletin.

Based on the study, the Philippines has the right ingredients to become a ship repair hub with strengths that include an inland sea, bay and deep seashore, abundant labor and legalized fiscal incentives.

The study has also identified FDIs from Japan and Korea as most promising because shipbuilders from these countries are finally looking outward for expansion opportunities.

Source: Manila Bulletin

In the past, the output of the Philippines' shipbuilding industry was limited only to small ships, tankers, barges, fishing vessels but with the entry of new players like Tsuneishi Heavy Industries of Japan and Hanjin Shipyard of Korea, the Philippines is now ranked overall as the world’s fourth largest player in shipbuilding.

As of the first half of 2012, the Philippines ranked world’s fourth highest in terms of booked orders with China, Japan, Korea and Brazil in the top four.
 

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

PSA Starts Expansion Work on 2m teu Panama Terminal

Singapore-based port operator PSA Panama International Terminal (PSA Panama) has started a USD 400 million expansion of its container terminal located on the west bank of the Panama Canal Pacific.

Long Beach Picketers Not Striking -Port CEO

Port of Long Beach CEO Jon Slangerup issued a statement addressing the status of picketing truckers at the harbor, pointing out that the demonstration is not a strike.

E-Procurement Streamlined via the Cloud

Marine Procurement Solutions (MPS) has built an electronic platform that aims to enhance the purchasing cycle for the maritime industry. MPS provides software,

Ship Repair & Conversion

BV Upgrades RAM Software

To help offshore operators and contractors get more out of their assets and develop projects more cost-effectively, Bureau Veritas has supercharged its reliability,

Hospital Ship Up to Speed with AMOS

SpecTec will work with Mercy Ships to migrate its current system Business Suite to AMOS Enterprise Management Suite (EMS). Mercy Ships’ Africa Mercy, the world’s largest hospital ship,

Ecochlor BWTS

Ballast water treatment technology developer Ecochlor Inc. presented a project case study at CMA Shipping 2015, a case study which covered the retrofit of Ecochlor’s

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1558 sec (6 req/sec)