Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Philippines to formulate five year shipbuilding plan

Philippines to formulate five year shipbuilding plan

Manila: The Philippines President Gloria Macapagal Arroyo (pictured) has approved the creation of an executive committee to draw up an in-depth five-year plan for development of the shipbuilding sector. "The accelerated and sustained development of the ship building and ship repair sector requires the joint and active collaboration between the government and the private sector as shown by even the most developed countries in the world," said President Arroyo.

The committee, headed by the Maritime Industry Authority, has two months to submit a proposal for approval by the President. The plan will focus on sustaining growth in the sector, recently accelerated as a result of Korean shipbuilder Hanjin's plan to build the world's fourth largest shipyard in the country.  [27/12/06]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.