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AL CIRCLE

French aluminium shipbuilding firm OCEA invests £1.5 billion to develop shipyard in Philippines

EDITED BY : 2MINS READ

French leader in aluminium shipbuilding, OCEA S.A., has reconfirmed the allotment of £ 1.5 billion for developing the Philippines’ shipyard, as the Office of the Press Secretary reported on December 14. The ship company is renowned for aluminium shipbuilding, with expertise in the design and assembly of aluminium vessels. 

French aluminium shipbuilding firm OCEA invests £1.5 billion to develop shipyard in Philippines , Alcircle News

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The decision was made public after a meeting chaired by President Ferdinand “Bongbong” Marcos Jr. approved the company’s discourse during the ongoing Association of Southeast Asian Nations-European Union (ASEAN-EU) Commemorative Summit in Brussels.

OCEA is positive that this major investment would open the doors for 500 to 600 direct and indirect employment opportunities in the Philippines. 

The company constructs aluminium boats with a length range of 15m to 120m, specially crafted for security, maritime rekey, fisheries and transportation.

The Office of the Press Secretary declared that the firm is serious about its activities as they’ve provided a written accord to the Department of Trade and Industry (DTI) for the constitution of OCEA Shipbuilding Philippines Inc.

OCEA claims to have made meaningful conversations with prospective partners and associates in the Philippines. The primary locations for the planned shipyard would include; Bataan, Batangas, Pangasinan, Sual, Subic and Mariaveles.

Moreover, the firm has won new contracts under strict scrutiny to build aluminium vessels for the Philippine Coast Guard and the Philippine Merchant Marine Academy.

Marcos commented: “Our seafarers are very important to us, especially as we start to recover, and the training ship is going to be critical for the continuing [training] because I keep hearing now about the new technologies.”

“And the training ship is very necessary so that they can get the proper credentials from whatever maritime academy they are attending, the potential seafarers. So that is going to be a big help,” he concluded.

Future of Aluminium in Transportation Sector

The enterprise also provides four different fields of operations like maritime safety and security, passenger transportation and logistics, all-purpose workboats and high-end motor yachts.

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EDITED BY : 2MINS READ

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