President Ferdinand R. Marcos Jr. on Tuesday declared the revival of the Philippine shipbuilding industry as he led the inauguration of the HD Hyundai Shipyard in Subic, Zambales, affirming the country’s resolve to reclaim its position among the world’s leading shipbuilding nations.
In his remarks during the ceremony, President Marcos underscored the importance of restoring and revitalizing the country’s global competitiveness in shipbuilding, which was once a significant economic and industrial driver.
“Together with our partners, we are reviving shipbuilding in the country to strengthen industries, promote livelihood, and build a better, stronger future for the Philippines,” President Marcos said.
The Chief Executive recalled that from 2014 to 2018, the Philippines had been producing up to 2 million gross tons of ships annually, before the industry’s momentum slowed in 2019.
“Today, we raise the sails once more,” President Marcos declared.
With Hyundai Heavy Industries’ investment, President Marcos noted that the Subic shipyard’s capacity will expand from 1.3 million to 2.5 million deadweight tons, enabling it to build up to eight massive oil tankers yearly.
“Today, we will begin reclaiming our rightful place among the world’s great shipbuilding nations,” the President said.
President Marcos said the renewed push is anchored in government programs that align skills training with international standards across 16 technical disciplines, from marine electricity to gas and arc welding.
The President acknowledged that the shipyard’s relaunch reflects a long-term vision not only to revive but to sustain the industry for future generations, symbolizing the nation’s resilience and readiness to compete globally.
“Together, let us show the world that Filipinos have the skills, the vision to navigate the uncertain waters of an ever-changing world,” President Marcos said.
HD Hyundai’s restart of large-scale shipbuilding in the Philippines leases 200 hectares from Agila Subic, a Cerberus portfolio company, for operations beginning January 2026.
The 10-year lease covers shipyard operations designed to support both offshore wind platform construction and vessel production. (PND)
