PH's Shipbuilding Industry to Highlight Asia Forum

Manila Bulletin, March 5, 2018 | Go to article overview

PH's Shipbuilding Industry to Highlight Asia Forum


By Bernie Cahiles-Magkilat

As the world's fourth largest shipbuilding country, the Philippines will take center stage at the forthcoming gathering of maritime industry players in Singapore.

The 15th Asia Pacific Maritime (APM), Southeast Asia's biggest shipbuilding and marine, workboat and offshore exhibition and conference, will look into major trends and issues shaping the industry in the Asia Pacific.

The three-day event, which will run from March 14 to 16 at the Singapore Marina Bay Sands Expo and Convention Center, will gather together more than 40 leaders and experts from the global maritime industry. These experts will lead discussions on developments and opportunities in Asia Pacific's maritime, workboat and offshore industries, sharing their insights and forecasts to help players forge the way forward.

Philippines: One of Asia's shipbuilding powerhouses

The Philippines' strategic geographic location provides the foundation it needs to become a major maritime country. With large growth potential and opportunities in both domestic and international shipping, shipbuilding and ship repair, fishing and other marine-related industries, which in turn create employment, the country will focus on the development of these sectors for the next 10 years.

The Maritime Industry Authority (MARINA) drafted a 10-year Maritime Industry Development Program (MIDP 2018-2028) covering integrated development initiatives for the Philippine maritime industry. Expected to be approved by President Rodrigo Duterte and rolled out in 2018, it emphasizes maritime administration, domestic and overseas shipping, maritime manpower, shipbuilding, ship repair and ship breaking.

"The Philippine economy is experiencing one of the highest growth rates in the region, averaging between five percent to seven percent annually. The local maritime industry is expected to grow proportionally with the economy, however the positive outlook on the economy has also attracted increased competition. As with any growing economy, there are tremendous opportunities for the marine industry, especially for an archipelago like the Philippines with over 7,000 islands and where links between the islands are mainly by sea and air," said Pauline G. Ngo, CEO of Dynamic Power Marine & Industrial Hardware, Inc., which is the sole distributor of Weichai in the Philippines. Weichai is one of the world's largest automobile and equipment manufacturer and the gold sponsor of APM 2018. …

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