Philippines eyes to be a leader in shipbuilding

“In 2013, the Philippines was ranked as the fifth world’s largest shipbuilding country after China, Japan, Korea and Brazil, as more local shipyards are building more ships of larger tonnage capabilities like bulk carriers, container ships and passenger ferries, particularly Tsuneishi Heavy Industries, Inc. (THICI), Hanjin Heavy Industries Corporation Philippines and Keppel Philippines Marine, Inc., which cater to the export market,” said Maritime Industry Authority (MARINA) deputy administrator for operations Atty. Gloria Victoria-Bañas in an exhibit at SMX Convention Center.


“While shipbuilding still exists in Europe, they are now focusing more on specialized ships. European yards had conceded that they could not compete with the low labor, materials and land costs of Asian countries,” MARINA deputy administrator said. “As a result, the shipbuilding industry of developing countries such as the Philippines benefitted with such development.”

“I am confident that the needed speed and momentum can be created to further propel the shipbuilding and ship repair industry way beyond global competitiveness,” Banas said.

I was passing by a yard and was so impressed with the ships of massive size all in the different stages of production and I thought to myself that I would love to know more about the ship and who the global leader in the market is today.

So, I log on to the internet to check out the facts and trivia and I see a small pop up box on the right side of the screen that is promoting online trading. I have by now only half knowledge about the subject so I do not show any interest and carry on about ships and ship building in the yards website.

Next day at work, a colleague was excitedly jumping and when I enquired he told me that he had made an excessively high profit at online trading. Now, I am also thinking that online trading has pervaded into a lot of homes and that a lot of people are apparently making a lot of money out of it. so, I think of trying it out.

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According to her, the government is preparing the country to be a leader for ship building and ship repair.

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