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.
Netherlands-based Damen Group, one of Europe's biggest family-owned shipbuilders, and an unnamed U.S. shipbuilder are in talks with the Philippine unit of South Korea's Hanjin Heavy Industries and Construction and its creditors about a variety of options to keep the yard going. Rosario Bernaldo, the new receiver overseeing HHIC-Phil's corporate rehabilitation, said both shipbuilders were conducting due diligence on the yard.
