Wednesday 17 October 2018
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4 months ago

Aussie shipbuilder raises stake in PH

Australia-based global ship building company Austal is raising its stake in the Philippine shipbuilding industry by expanding its shipyard in Balamban, Cebu, to be able to manufacture larger sea vessels. Aboitiz Construction Inc., the privately held construction arm of the Aboitiz Group, recently bagged the contract to design and construct the expansion facilities for Austal Philippines Pty Ltd. This expansion will more than double the capability of the shipyard in terms of output and size of vessels it

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