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MARINA forges agreement with South Korea on shipbuilding, maritime business

Philippines | National

MARINA forges agreement with South Korea on shipbuilding, maritime business

By Ariel Fernandez

The Maritime Industry Authority (MARINA) and South Korea’s Busan Marine Engineering Association (BUEA) have forged an agreement to expand trade and business relationships in the field of shipbuilding and maritime business.

photo: MARINA

In a forum, MARINA Administrator Hernani Fabia said the agreement will further the mutual understanding between the two countries in expanding trade and business relationships in the maritime industry, adding that it is seen to generate job opportunities, as well as to boost the shipping industry in the country.

Based on the latest data, there are around 122 shipbuilding and ship repair entities in the Philippines.

He added that the agreement will also compel both parties to establish a more comprehensive cooperation in the field of maritime business, including but not limited to, education, technical, consulting, designing, research and development, engineering and construction and trading activities.

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