Daily Archives: November 2, 2014

One 82-meter offshore patrol vessel from France arriving on 2016

French shipbuilder OCEA will be producing a brand-new 82-meter offshore patrol vessel for the Philippine Coast Guard. According to IHS Jane’s, the French shipbuilder confirmed to them that the 82-meter OPV will be based on OCEA’s new OPV270.

The PhP4.8 billion contract with the French shipbuilder includes four 24-meter FPB72 patrol boats. The bigger vessel is expected to be delivered in 2016.

“The President has ordered the procurement of additional ships for the Coast Guard,” Vice Commandant for Operation Rear Admiral Luis Tuason said in 2012. “We have a forthcoming one unit 82-meter and four 24-meter long brand new patrol vessels from France.”

The acquisition of 82-meter and four 24-meter patrol vessels is part of Philippine Ports and Coast Guard Capability Development Project.

Meanwhile, during the 113th anniversary celebration of PCG, President Benigno S. Aquino III said that delivery of ten bran-new 40-meter Multi-Role Response Vessels from Japan will start next year. One unit will arrive October of next year, two more on March 2016, other two on September 2016, three more on April 2017 and the final two on September 2017.

We all make plans, but what happens when they do not come to fruition?

I have been in this place and I know just how much it hurts to see your dreams shattered. The dreams that you saw for your loved ones are the most painful when they shatter. And you realize that the world is nothing but a prison.

A couple of years ago, I had invested all my money in an apartment which I wanted to bequeath to my wife and two children by a will. It was a property that I could afford at the time of the commitment but slowly as the project neared its completion, I realized that the money that I had calculated was not enough for the entire completion even. So, I approached the bank asking them for a mortgage.

Since, the amount was not too big and I was instantly getting a breakthrough at the bank, I did not mind excessive rate of interest because I knew I would finish the commitment in a couple of months and then everything would be alright – just like before.

But the promoters defrauded:

I was at my lowest. The promoters defrauded and did away with all my cash and I have also realized that the property that they were touting to be as their own is not theirs. This set back was enough to give me scare of a lifetime. I was so down that I could not even afford the rent of my present apartment because everything was stake.

A friend who had recommended Fintech Ltd to me was the one who helped me initially with a little money and encouraged me to trade online. I am so glad that I followed his advice. I started trading and even though I could not make it even close to what I was initially at least with the money that I make I can life without compromising my dignity. That is very important to me.

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Acquisition of ten MRRVs is part of government’s Maritime Safety Capability Improvement Project.