MANILA: The Philippines on Tuesday (Sept 2) opened a shipyard its president sees as part of a shipbuilding revival and its South Korean operator views as a future "strategic hub" for its expanding relationship with the United States.
The ceremony at Subic Bay, north of Manila, marked the start of construction on a 115,000-tonne petrochemical carrier by HD Hyundai's shipbuilding division, the first of four ordered by an "Asia-based shipping company" in December.
