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

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“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.

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TAGS: Hanjin Shipyard, Philippine Navy
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