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PH prospects as shipbuilding center brighten

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The Philippines is expected to become a major shipbuilding nation in Asia-Pacific, due to investment lures such as skilled but lower-priced labor.

According to research firm Frost & Sullivan (F&S), the Philippines—along with China, India and Vietnam, among others—is “rising to become (a) shipbuilding nation in the Asia-Pacific region, with offers of business incentives especially in the form of skilled cheap labor.”

The company said the maritime industry would benefit from the implementation of the Asean Economic Community (AEC) by 2015 because of the broader production and distribution networks that the initiative will provide.

“Asean has also determined priorities that cover opportunities in cooperation in maritime connectivity and the development of port facilities among Asean member states,” F&S said.

The Philippines is regarded as a major economy within the Association of Southeast Asian Nations, in league with Singapore, Indonesia, Thailand and Malaysia. The other Asean members are Brunei, Cambodia, Laos, Myanmar (Burma) and Vietnam.

“For emerging shipbuilding nations [such as the Philippines], shifting the focus to also include more research and development activities will help keep up market growth in the future,” F&S added.

At the same time, the company said the country was expected to show the highest growth rate in air passenger volume, at an average of 4.6 percent yearly until 2014.

F&S attributes this to the Philippines having the least passenger market share of only 24 million passengers handled in 2011, or 11.4 percent of total Asean volume.

F&S estimates that Philippine airports accommodated 25.3 million passengers in 2012, and will handle a total of 26.5 million in 2013 and 27.5 million in 2014.


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Tags: forecasts , Philippines , Shipbuilding

  • Platypus09

    With its archipelagic nature or islands all over the place, our country needs to build our own ships from ferry boats to military gunships, passenger boats, tug boats and cruise ships.

    With people’s businesses growing, there will be a time in the near future when Filipinos, us, will be buying cheap to expensive yachts and boats to cater to our LUXURY needs and expensive tastes.

    This industry is expected to boom in our country.

    There will be a time when rich Filipino families will use small to medium-sized private ships to travel from one island to the next off stormy season.

  • Diablo_III

    Philippines is the 4th largest shipbuilding country next to SK, China and Japan..

  • pinaskngmajal

    Matagal na dapat itong sinuportahan ng gobyerno, panahon na rin na dito gawin ang mga barko militar imbis na bumili tayo ng mga segonda mano, makaka pag bigay pa ng employment sa mamamayan.

  • beerhunters

    drive out the imperialist capitalists!! intensify the armed struggle!!

    • yesyesyo

       stupid comment.LOL!!

    • catalansbarce

      puwede yan comments mo sa mga communist countries.

    • rayingga

      ano ka ba naman, 2013 na kaibigan wala ng saysay ang arm strugle mo. Kailangan ay sipag at tiyaga para mabuhay ng mapayapa at sagana. Ang gusto mo lagi patayan paatras yang alam mo, ang Pilipinas ay di maaaring maging kumunistang bansa dahil marami sa pinoy ay nasa puso si Kristo.

    • http://www.facebook.com/people/Dolphen-Presbi/100001141153952 Dolphen Presbi

       Utot mo! Wala ka ng inisip kundi pansarili mong katangahan. Paunlarin mo ang sarili mo ng umunlad din ang bansa natin. Ulul!

    • kulittwit

      Leftist bayan muna nonsense.

    • http://profile.yahoo.com/AIYSIJJOL4JNRLHXVTGUH3NYHM The Overlord

      I’m sure this comment was made by either a member of the Commie groups like Anakbayan, Kilusang Mayo Uno, Bayan Muna, etc. or a Marxist cult fanatic. Communism will never prosper in this country, let alone have people support you. You are all losers and you know it. Capitalism FTW!

    • Diablo_III

      OK. Kaliwang braso or kanang braso? Left arm or right arm?

  • Practicalandconcerned

    Maganda yan pero bantayan ang labor unions…Gaya ng maraming negosyo pinatay ng unions

    • ehkasi2010

      Magagaling talaga ang pinoy worker kaya lang pag nakasama sa welga at rally against company at yung company ang nag sasara dahil naapektuhan performance ng negosyo nila at tuloy nag punta sila sa bansang walang ganun uso ang rally at welga. sana tayong pinoy tingnan natin kung konting kinikita natin ay ok ba para sa ikabubuhay ng pamilya or tuloy na walang sahod na matatangap. Sa madaling salita ba ay take it or leave it.



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