24/06/2025
Agila Shipyard in Subic formerly known as Hanjin Shipyard is being revitalize into a multi-use facility.
US firm Cerberus Capital Management which acquired the Shipyard in 2022 and South Korea's HD Hyundai Heavy Industries (HHI) have entered into an agreement for the lease of the Cerberus-owned Agila Subic Shipyard last year.
The shipyard focuses on offshore wind platforms, ship repairs, and offshore wind structure projects.
HD Hyundai is also expanding its capacity to construct commercial vessels in the area.
-Above the Philippines