PH Navy eyes use of Hanjin shipyard in Subic | Inquirer News

PH Navy eyes use of Hanjin shipyard in Subic

/ 05:14 AM June 08, 2021

MANILA, Philippines — The Philippine Navy has signed a term sheet for its use of Hanjin Heavy Industries and Construction’s (HHIC-PH) facility in Subic Bay, Zambales.

Vice Adm. Giovanni Carlo Bacordo, chief of the Navy, said on Monday that negotiations were ongoing for the Navy’s use of HHIC-PH’s northern yard.

“Just last week, I signed a term sheet for the [HHIC-PH’s] northern yard,” Bacordo said. “The term sheet means negotiation will continue, that [we] have accepted the terms there [for use],” he added,

The Navy plans to use 100 hectares of the northern yard to house the Philippine fleet, the naval sea systems command, the naval installation command and amphibious assault battalion.

—JEANNETTE I. ANDRADE
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS:

No tags found for this post.
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.