ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Philippines' largest shipyard to close in blow to Hanjin rescue

Duterte under pressure to save jobs as massive layoff looms in Subic Bay

Hanjin Heavy Industries' Subic shipyard in the Philippines faces imminent closure unless a buyer can be found. (Photo courtesy of HHIC Philippines)

MANILA -- The Philippines' largest shipyard is set to close with the loss of some 3,500 jobs as financial troubles deepen around its South Korean owner, Hanjin Heavy Industries and Construction.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more