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Industry stakeholders pursue capital intensive projects for shipping – The Manila Times

The Integrated Seafarers of the Philippine (ISP) has started funneling significant investments that could reach P1 billion in several projects that include a shipyard in a bid to build five vessels that will include a training ship with 3,000 deadweight tonnage (DWT) and seven more small vessels for domestic shipping in the next five years. ISP President Capt. Gaudencio Morales CONTRIBUTED PHOTO Not only that, ISP President Capt. Gaudencio Morales disclosed that the shipbuilding and ship repair venture is just one of the components of ISP’s “6 in 1” Vision as its contribution to the development of the maritime industry and the seafaring sector.

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