The 300-hectare shipyard of Hanjin Philippines may be taken over by several shipping companies that would transform it into a major global port, Trade Secretary Ramon Lopez said in a chance interview recently.
He said the shipyard could be a sprawling multipurpose mixed-use port facility that would be jointly operated by several players.
This, he said, is one of the proposals received by Hanjin creditors for the development of the shipyard after Hanjin Philippines declared bankruptcy early this year.
“It’s a good masterplan that has been proposed and it is targeted to be implemented this year,” Lopez said.
He declined to name the companies but hinted that these include foreign players.