Subic: President Ferdinand R. Marcos Jr. on Tuesday pledged to restore the Philippines' status as a global shipbuilding hub, marking the revival of Subic's shipyard through HD Hyundai Heavy Industries Philippines, Inc., as the first step in reclaiming its position among the world's top shipbuilding nations.

According to Philippines News Agency, the President highlighted that from 2014 to 2018, the Philippines was among the top five shipbuilders globally, with an annual production of 1.2 million to 2 million gross tons of vessels. This momentum was lost in 2019 when Hyundai Heavy Industries Co. Philippines, Inc. (HHIC-Phil) went bankrupt, leaving the Subic shipyard idle and thousands without jobs.

With Hyundai's return under a reorganized entity, President Marcos said that Subic is poised for a remarkable turnaround. The shipyard's capacity is projected to increase from 1.3 million to 2.5 million deadweight tons, enhancing its ability to handle up to eight massive tankers. By 2030, the yard is expected to employ around 4,300 Filipinos, providing thousands of families with livelihood opportunities.

The President also emphasized the government's collaboration with the Technical Education and Skills Development Authority (TESDA) to supply the industry with skilled workers. Since November 2024, TESDA, in partnership with Hyundai, has established a training hub in Subic, offering specialized programs and scholarships in marine trades to ensure Filipino workers meet global standards.

Marcos reiterated the importance of strengthening the domestic shipbuilding industry alongside the skilled seafaring workforce, aiming to position the Philippines as a 'complete maritime nation.' He urged Filipinos to demonstrate their skills and vision in navigating the challenges of the ever-evolving maritime world.