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Chinese eye largest Philippine shipyard after Hanjin default

Former US base offers hub for Beijing projects

A U.S. Air Force C-130 aircraft prepares to deploy a bundle near Subic Bay during annual joint training between the Philippine armed forces and the American military. (U.S. Air Force photo)

MANILA -- Chinese companies have expressed interest in taking over the Philippines' largest shipyard after the local unit of South Korea's Hanjin Heavy Industries and Construction filed for rehabilitation this week.

At least two major Chinese shipbuilders have inquired about the operations of Hanjin Philippines, Trade Undersecretary Ceferino Rodolfo said on Friday. He declined to name the companies.

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