The shipbuilding industry in the Philippines is ranked the fourth largest in the world. However, in terms of the gross deadweight ton ship completion, its market share in the world in 2014 was only 2.9% (2014 World Shipbuilding Statistics). In comparison, China, the largest country for gross deadweight ton ship completion in the world has a share 35.2%, followed by South Korea (34.8%) and Japan (20.8%).
The Philippine government has a policy to make the country a marine hub and for that it welcomes foreign companies to invest in the country. This is supported by its excellent location at a center of all ship routes, from south to north, from east to west. Philippines shipbuilding industry, therefore, has good potential to grow significantly in the near future.
Shipyards established in the Philippines are now building more ships of larger tonnage capacities like bulk carriers, container ships and passenger ferries.
There are more than 150 shipyards and ship repairing companies in the Philippines. Major shipyards in the country include:
- Hanjin Shipyard, Subic (Korean owned)
- Keppel Subic Shipyard and Keppel Batangas Shipyard (Singaporean owned)
- Subic Drydock (Philippines owned)
- Herma Shipyard, Bantaan(Philippines owned)
- Tsuneishi Shipyard, Cebu (Japanese owned)
- Mactan Shipyard Corp., Cebuangas
The country has adequate supply of skilled manpower for shipbuilding and ship repair. Aware of the increasing number of workers required to be employed in the shipyards, the Philippine government has laid out a Manpower Development Plan for the sector in coordination with the Technical Skills Development Authority (TESDA). To date, TESDA has about 95,000 certified welders in its registry.
Filipino workers are trainable for the skills that would fit shipbuilders’ requirements; hence, they can be sourced within the city or municipality where shipyards are located.
Existing shipbuilders also invest in additional technical training for their prospective and existing employees to improve their level of competencies.