U.S. Funding Subic Bay Shipyard Repair Expansion

MANILA, PHILIPPINES – Washington is funding a project that will expand the maintenance and repair capability of a shipyard in the Philippines frequently used by U.S. Navy warships. The Subic Drydock Corporation, an American-owned firm operating out of the former U.S. naval station, revealed a partnership with the U.S. Trade and Development Agency last week in Manila during the Luzon Economic Corridor Investment Forum. According to a statement from the shipyard, the project involves a $1.4 millio

Source: USNI News