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Dutch and US groups show interest in Philippine shipyard rescue

Damen in talks on options for Subic Bay facility

A Dutch and a U.S. shipbuilder have expressed interest in buying the Philippines' largest shipyard, raising hopes for a rescue of the financially troubled facility. (Photo courtesy of HHIC Phil)

MANILA -- The Philippines' largest shipyard, which collapsed in January with $1.3 billion in debt, has attracted interest from Dutch and U.S. shipbuilders, amid political opposition to a Chinese takeover.

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