Cebu's shipbuilding industry has attracted two Singaporean firms which are planning to invest about $400 million in the fast-growing industry, a Maritime Industry Authority (Marina) official said. Marina Administrator Vicente Suazo said he will facilitate the meetings between the Singaporean investors and the National Maritime Leasing Corp. (NMLC) and the Philippine Import-Export Credit Agency (Philexim). Suazo declined to name the two Singaporean firms, but said one firm, will invest $300m and the other $100m. He said he recently went to Singapore to conduct a campaign to attract foreign investments in the country's shipping industry.