Korean firm to put up offshore wind production and ship repair base in Subic, Philippines

Philippine President Ferdinand Marcos Jr. with representatives and other guests following the signing of an agreement between HD Hyundai Heavy Industries and Cerberus Capital Management for the lease of shipyard facilities in Subic Bay, May 14, 2024

Private equity company Cerberus Capital Management and South Korea’s HD Hyundai Heavy Industries (HHI) have entered into an agreement for the lease of the Cerberus-owned Agila Subic Shipyard at the former US Naval Base Subic Bay in the Philippines. HHI, acting on behalf of parent company HD Korea Shipbuilding and Offshore Engineering, will use the […]

The post Korean firm to put up offshore wind production and ship repair base in Subic, Philippines appeared first on Baird Maritime.

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https://www.bairdmaritime.com/offshore/renewables/offshore-wind/korean-firm-to-put-up-offshore-wind-production-and-ship-repair-base-in-subic-philippines/

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