Good News.. Philippine Navy prepares to take part of Hanjin Heavy Industries' Subic shipyard

July 24, 2019

you Manila the Philippine Navy is preparing to take over part of the Hanjin ship at Subic Bay to help extend a lifeline to the stricken port and ensure it is kept out of Chinese hands the move follows Philippine president rodrigo duterte order and made to the Department of National Defense and the Philippine Navy to study options for the takeover of Hanjin ship according to a document seen by the nikkei Asian review navy spokesman captain Johnathan's to confirm the studies are being conducted as an initial step the navy has stationed a ship at the Hanjin yard early this month he said Friday situated at the entrance to the highly sensitive South China Sea on the archipelago's main island of Luzon Philippine Navy Chief Robert MP trad is planning to visit Subic Bay later this month for a site inspection as de said the Navy is planning to use the space for ship docking and repairs and will allow commercial shipbuilding operations to continue amid ongoing efforts to find a buyer the 300 hectares shipyard collapsed in January after Hanjin Heavy Industries and constructions Philippine subsidiary defaulted on 1.3 billion dollars in loans Deuter it also approved the recommendation by the Defense Department to approve area surrounding the yard as military reservation areas for future expansion of a shipyard according to a separate document reviewed by Nikkei the government is very serious about the Navy having a presence there to the point that there's now a concept which we are preparing to execute as de said adding that the plan has been coordinated with Hanjin and its creditors Hanjin officials could not immediately be reached for comment while several foreign bidders have declared their interest in acquiring the facility bids from two Chinese companies triggered the Philippine Navy's move to take a direct stake in the former US Naval Base the Philippine Navy's presence is a signal to revive the strategic role of the BAE said reiji's Ranjan Chaturvedi a visiting fellow at the S Rajaratnam School of International Studies in Singapore with US interests also believed to be considering a joint cube it for the shipyard Chaturvedi said that would be a clear signal of US commitment to the region from rhetoric to reality adding that the US and its partners have clear strategic interests in reviving the yard


  • Reply Laurito Aguilar July 24, 2019 at 1:57 pm

    Sa subic ginawa pinakamalaki na shipyard

  • Reply Sean Coles July 24, 2019 at 1:57 pm

    U.S and U.K should buy it have it as a joint naval refit/build center!!…

  • Reply zzzzzsleeping July 24, 2019 at 1:57 pm

    This is awesome!
    Take and learn how to build ship.
    Send your brightest engineers in the west to learn the technology of building ship.

    Stop buying vessels from other country. You already have the infratructure building ship. Dominate building ship in asia. Take advantage of low labor cost.
    Ask Trump for soft loans to buy USA MADE STEELS.

    You can use the facility to service MILITARY Australian, Americans, japanese, south koreans or any ships that visit the islands.


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