Marcos hails Subic relaunch as Philippines seeks shipbuilding comeback
President Marcos Revives Philippine Shipbuilding Industry
President Ferdinand Marcos has announced the revitalization of the Philippine shipbuilding industry, aiming to reclaim the country’s position among the leading shipbuilding nations. HD Hyundai Heavy Industries has confirmed the resumption of large-scale production in Subic Bay, marking a significant development for the industry.
Revival of Shipbuilding Industry in Subic Bay
President Marcos emphasizes the need to reignite the shipbuilding sector in the Philippines, citing past achievements and the recent inauguration of the HD Hyundai Shipyard in Zambales. The Subic facility, previously owned by Hanjin Heavy Industries & Construction, is set to increase its capacity and resume construction of various vessels.
Focus on Training and Global Expansion
Training programs and partnerships play a crucial role in the industry’s revival, with a new TESDA-Hyundai collaboration highlighting the importance of skill development. Additionally, HD Hyundai’s expansion plans, including a tie-up with Cerberus in the US, signify a strategic move towards enhancing the country’s global footprint in shipbuilding.
President Marcos has declared the resurgence of the Philippine shipbuilding industry, with HD Hyundai Heavy Industries restarting production in Subic Bay. The Subic facility, now leased from Cerberus-owned Agila Subic, is expected to double its capacity by 2026 and support the construction of various vessels, including VLCCs and offshore wind projects. The partnership between TESDA and Hyundai underscores the focus on training and skill development to meet international standards in shipbuilding.
President Marcos’ efforts to revitalize the Philippine shipbuilding industry are highlighted by the reopening of the HD Hyundai Shipyard in Zambales. With a focus on training programs and global expansion, the industry aims to regain its position among the world’s top shipbuilding nations. The collaboration between HD Hyundai and Cerberus in the US further solidifies the country’s commitment to enhancing its shipbuilding capabilities on a global scale.
