Koreans Plan $1B Shipyard in Subic
Advertise Here
Trending Topics:
Sunday, June 14, 2015

Ship Equipment
Ship Maintenance
Ship Systems
Worldwide Metric
Freeman Marine
Neptune Group

Home Page
About MarineTalk
Buyer's Guide
World InfoDesk
Discussion Forums
Advisory Board
Advertising Information
Submit Company Listing
Edit Company Listing
Site Map
MarineTalk Site Search:
Featured Companies

Odessa State Maritime University
Comprehensive range of programs are ofered in all maritime related areas.

IIR Exhibitions Pte. Ltd.
IIR is part of the Informa Plc, the world's leading international provider of specialist information and services for the academic and scientific, professional and commercial business communities via publishing, events and performance improvement.

Hanseatic Marine Training School
A marine training school situated in Cyprus providing training facilities to the marine industry. Training at all levels excluding national licenses, the school specialises in pre-sea and rating training and "specialised short courses".

National Marine Electronics Association (NMEA)
The NMEA is a trade association of manufacturers, distributors, dealers, sales representatives, technicians and other professionals involved in the marine electronics industry.
    USA North Carolina

Koreans Plan $1B Shipyard in Subic


A Korean shipbuilder is expected to construct a $1 billion shipyard at the Subic freeport after it signed preliminary papers with the Subic Bay Metropolitan Authority (Philippines). Local officials stated in an interview that if the planned shipyard is completed, it would be the fourth largest in the world. However, they declined to identify the prospective Korean investor. Once completed, the shipyard will be able to accommodate big vessels that can handle 8,000 TEU (20-foot dry-cargo container).

The shipyard, which will occupy 269 hectares, and it will take five years to build. And, this venture is expected to create as many as 20,000 new jobs. It was said that the company had chosen Subic over other possible locations in Vietnam and China.In a related development, the Philippines’ government is in talks with Taiwanese officials on possible funding for the development of the second and third phases of the Subic Bay Industrial Park. First announced in 1994, Taipei's "Go South" policy was meant to reduce dependence on mainland China and encourage Taiwanese businesses to invest in Southeast Asia.

Philippine Daily Inquirer (Inquirer News Service)  

You may also like:
Trending Technology, World Shipping & Maritime News

Latest Marine News and Technology Articles | Maritime 2015 Buyer's Guide


E-mail:  Contact Us

Copyright © 1998 - 2015 MarineTalk
Division of Link Internet Business Solutions
All rights reserved.

The reproduction, retrieval, copying or transmission of this Web site content,
in whole or in part, is not permitted without the express permission of
MarineTalk .