Gov’t looking for investors to operate Hanjin shipyard 0 SHARES Share it! Share TweetBy Philippine News AgencyShould the government acquire control of cash-strapped Hanjin Heavy Industries and Construction (HHIC-Phil), the next option is to get interested parties or shipbuilders to operate its shipyard in Subic Bay, Zambales. This was emphasized by Defense Secretary Delfin Lorenzana when asked about updates on the government’s plans on the South Korean shipbuilder Monday. He said foreign or local investors have yet to make formal offers or bids regarding the HHIC-Phil’s shipbuilding operations. DOF is looking on how to pay these banks so that we can get Hanjin and then after we take over Hanjin, then we can now select who among (the) interested parties (are) best suited to our purpose and run it as a shipyard to make money,” Lorenzana added.

Source: Manila Bulletin June 11, 2019 11:26 UTC