The Maritime Industry Authority (Marina) announced that it is seeking the assistance of the Japan International Cooperation Agency (JICA) in setting up the country’s shipbreaking industry.
It also stated that JICA is looking for an area in
Mindanao as an initial shipbreaking site.
“JICA has already presented to
Marina its proposed model for the shipbreaking and recycling industry and we see it as an appropriate model for the ,” the agency further stated. Philippines
The Japanese Shipowners Association (JSA) earlier advised Philippine maritime authorities to look into the possibility of setting up its own shipbreaking industry as part of its efforts to combat the global financial crisis.
The JSA added that the ship dismantling is a vital industry nowadays as
and other large merchant navy operators is thinking of having their 5 to 10% of their existing fleets scrapped as a cost-cutting measure during the hard economic times. Japan
The association added that shipbreaking industry is an “economic life saver” due to its ability to hire large number of persons needed for the job.
It also stated that a shipbreaking industry is not only useful during times of financial crisis but on good economic times as well as major merchant navies are continuously acquiring new ships to boost the efficiency and productiveness of their fleets.
There are around 5,000 Japanese merchant fleets of all categories from ordinary bulkers, chemical and ore carriers to the largest super tankers in the planet.
Source: 12 June 2009