Chinese Firms Eye Shipyard In Subic Bay
January 16 2019
Two Chinese shipbuilding companies, one of which is state-owned, are seeking to purchase a major shipyard in the strategic Subic Bay in the Philippines, reports the Stars and Stripes.
The firms are competing to buy a commercial shipyard in Subic Bay from South Korea’s Hanjin Group, local media reported on Jan. 12.
Hanjin Philippines has defaulted on US$412 million in loans, owes US$900 million to South Korean creditors and recently declared bankruptcy, reported the Philippine Daily...
Please log in to continue reading.
Not yet a subscriber? Take a free trial.
Military Periscope gives you easy-to-use, integrated, open-source intelligence on…
- More than 7,500 weapons systems and platforms
- Nearly every country's armed forces
- Militant organizations
Try Military Periscope free for seven days
Your online source for military news, weapons, and nation's armed forces worldwide
Military Periscope FEDLINK information
Service ID: UC Contract Number: LCFDL19D0065
Military Periscope is a product of GovExec.
600 New Hampshire Ave., Suite 510,
Washington DC, 20037, USA.
(+1) 202-450-3967
©Military Periscope 2022
All rights reserved. Redistribution of the content is prohibited without prior consent of Military Periscope.