Re-Study of Existing Plans to Set Up a Shipbuilding Complex for Ships
Letter of Instructions No. 433, issued on July 19, 1976, directs the Maritime Industry Authority to reassess plans for establishing a shipbuilding complex for vessels of 300,000 deadweight tons and above. This directive stems from the global shift away from smaller ships and the underutilization of large vessels, which has affected shipbuilders and shipyards. The letter emphasizes the importance of the Kawasaki shipbuilding project in Subic, funded by a government loan, and highlights that any failure in this project would adversely impact both the private shipbuilding sector and the government. The Administrator is instructed to submit recommendations following the review as soon as possible.
Law Information
- Reference Number
- Letter of Instructions No. 433
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
July 19, 1976
LETTER OF INSTRUCTIONS NO. 433
| TO | : | The Administrator |
| Maritime Industry Authority |
In view of the present difficult situation which shipbuilders throughout the world find themselves in, it is necessary to re-study existing plans to set up a shipbuilding complex for ships of 300,000 deadweight tons and above. I understand that shipbuilding trends all over the world is not to build smaller vessels, and small shipowners have observed that large capacity vessels are now being laid-up or mothballed due to under-utilization. The same is true of shipyards. acd
Since the funds borrowed from the OECF for the proposed Kawasaki shipbuilding project in Subic is a government loan incurred through the NIDC, any failure of the project will not only be prejudicial to the private shipbuilding industry but to the government as well.
I therefore order an immediate restudy of the project and your recommendations submitted at the earliest date possible.
Cite This Law
Re-Study of Existing Plans to Set Up a Shipbuilding Complex for Ships, Letter of Instructions No. 433, Jul 19, 1976 (Philippines)
Re-Study of Existing Plans to Set Up a Shipbuilding Complex for Ships, Letter of Instructions No. 433 (Phil. 1976)
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