Welcome back to Subic

In the latest installment in the on-again/off-again relationship between the PI and the U.S., it seems that the U.S. Navy could see more of Subic Bay as a result of a commercial deal for a U.S./Australian consortium to take over the bankrupt South Korean-run Hanjin shipyard (HHIC Phil) in Olongapo.

For those following along at home, HHIC Phil was built in 2004 and was considered by the company to be the fourth largest shipyard in the world.

As noted by the Philippines Star this week:

Vice Admiral Giovanni Bacordo said the two companies are in the final stages of negotiations with the Philippine government and several banks to take over the operations of Hanjin. The companies reportedly intend to invest about $2 billion and employ the shipyard’s over 30,000 skilled and experienced Filipino workforce.

Australian shipbuilder Austal Ltd has won a contract to deliver six offshore patrol vessels for the Philippines Navy while US private equity Cerberus will operate the other half of Hanjin’s facility for ship repair.

“I was told the companies were about to complete due diligence and final negotiations before the outbreak of the coronavirus, which could delay the process,” Bacordo said.

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About laststandonzombieisland

Let me introduce myself. I am a bit of a conflict junkie. I am fascinated by war and warfare, assassination, personal protection and weaponry ranging from spud guns and flame throwers to thermonuclear bombs and Soviet-trained Ebola monkeys. In short, if it’s violent or a tool to create violence it is kind of my thing. I have written a few thousand articles on the dry encyclopedia side for such websites as Guns.com, University of Guns, Outdoor Hub, Tac-44, History Times, Big Game Hunter, Glock Forum, Firearms Talk.com, and Combat Forums; as well as for print publications like England Expects, and Strike First Strike Fast. Several magazines such as Sea Classics, Military Historian and Collector, Mississippi Sportsman and Warship International have carried my pieces. Additionally I am on staff as a naval consultant and writer for Eye Spy Intelligence Magazine. Currently I am working on several book projects including an alternative history novel about the US-German War of 1916, and a biography of Southern gadfly and soldier of fortune Bennett Doty. My first novel, about the coming zombie apocalypse was released in 2012 by Necro Publications and can be found at Amazon.com as was the prequel, Chimera-44. I am currently working on book two of that series: "Pirates of the Zombie Coast." In my day job I am a contractor for the U.S. federal government in what could best be described as the ‘Force Protection’ field. In this I am an NRA-certified firearms, and less-than-lethal combat instructor.

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