Wednesday 15 August
Powered by Ajaxy
Aug 10, 2018 @ 21:44

Japan to help boost PH shipbuilding industry

 

The Maritime Industry Authority (MARINA) has strengthened its collaboration with the Japan International Cooperation Agency (JICA) to boost the country’s shipbuilding and shiprepair industry.

“ JICA’s aid will greatly help us in promoting and developing our shipbuilding industry. We are hoping to further improve this relationship for the interest of Japan and Philippine maritime industry,” said Rey Leonardo Guerrero, MARINA administrator.

JICA senior representative Tetsuya Yamada said JICA would continue to extend technical assistance and expertise to MARINA in developing standard design for locally made ships, in establishing the Philippines’ first-ever maritime industrial hub, and in setting up a financing facility for local shipbuilders and ship owners.

It also backed the implementation of MARINA’s 10-year Maritime Industry Development Plan (MIDP) which guides MARINA in making the local shipbuilding and shiprepair industry globally-competitive and technologically-responsive.

JICA also pledged to provide Japanese experts who will orient the MARINA in crafting the retirement criteria of aging domestic ships.

MARINA is currently drafting the rules and regulations in addressing the increasing number of obsolete vessels operating for more than 30 years to further uphold safety and security within the Philippine maritime borders.

With these commitments, MARINA and JICA intend to attract more investors to support the modernization and ultimately, the transformation of the Philippines into a major shipbuilding and shiprepair nation.

Tags: , , , , , ,

Related Stories
JG Summit Holdings Inc. of bilyonaryo John Gokongwei said its first semester net earnings plunged
Oil refining giant Petron Corp. saw its net income grow 16 percent in the first
Metro Pacific-Salim Group's of hiring "endo" workers is not limited to Philippine Long Distance Telephone
The ongoing trade war between the United States and China, which erupted last week, will


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.