MANILA -- The Philippine Navy is preparing to take over part of the Hanjin shipyard at Subic Bay to help extend a lifeline to the stricken port and ensure it is kept out of Chinese hands.
The move follows Philippine President Rodrigo Duterte's order in May to the Department of National Defense and the Philippine Navy to study options "for the takeover of Hanjin shipyard," according to a document seen by the Nikkei Asian Review.
