Subic shipyard revival raises hopes for PH shipbuilding industry

SUBIC BAY FREEPORT, Philippines — The collapse of shipbuilder Hanjin Heavy Industries and Construction-Philippines here in 2019 displaced thousands of workers and left one of Asia’s largest shipyards idle. But the facility marched closer to restoring its place in the shipbuilding industry with the inaugural launch at A

HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company for HD Hyundai’s shipbuilding businesses, said Thursday that it signed a business agreement with Fraser Industries LLC on modernizing US shipyards to revive the US shipbuilding industry. CEO Kim Hyung-kwan and Technical Advisor Shin Jong-gye