Editing Economy of the Philippines (section)

===Shipbuilding and repair===
[[File:Hanjin Subic Shipyard panoramio 114271925.jpg|thumb|[[Agila Subic Shipyard|Hanjin Subic Shipyard]] in [[Subic, Zambales]]]]

The Philippines is a significant player in the global [[shipbuilding]] industry<ref>{{cite report |last1=Reyes |first1=Daniel A. |title=The Philippine Shipbuilding Industry |url=https://www.oecd.org/sti/ind/Daniel%20Reyes%20Philippines%20Shipbuilding%20Industry.pdf |website=[[Organisation for Economic Co-operation and Development]] |access-date=April 26, 2023 |archive-url=https://web.archive.org/web/20150910153311/https://www.oecd.org/sti/ind/Daniel%20Reyes%20Philippines%20Shipbuilding%20Industry.pdf |archive-date=September 10, 2015 |location=Paris, France |date=November 27, 2013}}</ref> with 118 registered [[shipyard]]s in 2021<ref>{{cite news |title=Robust shipbuilding industry key to making PHL a maritime power |url=https://www.bworldonline.com/top-stories/2023/04/18/517335/robust-shipbuilding-industry-key-to-making-phl-a-maritime-power/ |access-date=April 26, 2023 |work=[[BusinessWorld]] |date=April 17, 2023 |archive-url=https://web.archive.org/web/20230417231507/https://www.bworldonline.com/top-stories/2023/04/18/517335/robust-shipbuilding-industry-key-to-making-phl-a-maritime-power/ |archive-date=April 17, 2023}}</ref> distributed in [[Subic Bay|Subic]], [[Cebu]],<ref>{{Cite news |title=Cebu shipbuilder to deliver PHs largest vessel |url=http://business.inquirer.net/money/topstories/view/20101108-302166/Cebu-shipbuilder-to-deliver-PHs-largest-vessel |newspaper=[[Philippine Daily Inquirer]] |url-status=dead |archive-url=https://web.archive.org/web/20140806121509/http://business.inquirer.net/money/topstories/view/20101108-302166/Cebu-shipbuilder-to-deliver-PHs-largest-vessel |archive-date=August 6, 2014 |access-date=March 3, 2015}}</ref> [[Bataan]], [[Navotas]] and [[Batangas]].<ref>{{cite web |title=Registered Shipbuilding and Ship Repair Entity With Facilities, Manpower & Capitalization in Central Office (as of December 2017) |url=https://marina.gov.ph/wp-content/uploads/2018/08/List-of-registered-Shipyards-Metro-Manila.pdf |website=[[Maritime Industry Authority]] |access-date=August 9, 2023 |archive-url=https://web.archive.org/web/20220117142321/https://marina.gov.ph/wp-content/uploads/2018/08/List-of-registered-Shipyards-Metro-Manila.pdf |archive-date=January 17, 2022}}</ref><ref>{{Cite news |date=December 4, 2012 |title=Philippines Shipbuilding Hub In Asia-Pacific |url=http://ph.news.yahoo.com/philippines-shipbuilding-hub-asia-pacific-085144615.html |access-date=March 3, 2015 |work=[[Manila Bulletin]] |via=[[Yahoo! News|Yahoo! News Philippines]] |archive-url=https://web.archive.org/web/20150404072558/https://ph.news.yahoo.com/philippines-shipbuilding-hub-asia-pacific-085144615.html |archive-date=April 4, 2015}}</ref> As of 2022, it is the seventh largest shipbuilding nation by gross tonnage.<ref>{{Cite report |title=UN Conference on Trade and Development annual report on shipbuiding, by country (2023)|url=https://unctadstat.unctad.org/datacentre/dataviewer/shared-report/573e15e1-2001-4d02-9018-5b63becaaae7  |work=[[UN Conference on Trade and Development]] }}</ref> Subic-made [[cargo vessel]]s are exported to countries where shipping operators are based. South Korea's [[Hanjin Heavy Industries and Construction Philippines|Hanjin]] started production in Subic in 2007 of the 20 ships ordered by German and Greek shipping operators.<ref>{{Cite web |title=New era as shipbuilding production begins in the Philippines |url=http://www.shippingtimes.co.uk/item534_hanjin_philippines.htm |url-status=dead |archive-url=https://web.archive.org/web/20070509003203/http://www.shippingtimes.co.uk/item534_hanjin_philippines.htm |archive-date=May 9, 2007 |access-date=March 3, 2015 |website=Shipping Times}}</ref> [[Bulk carrier]]s, container ships and big passenger ferries are built in the country's shipyards. [[General Santos]]' shipyard is mainly for ship repair and maintenance.<ref>{{Cite web |last=Poole |first=William |title=Big ambitions for Philippines shipbuilding |url=http://bairdmaritime.com/index.php?option=com_content&view=article&id=10917:big-ambitions-for-philippines-shipbuilding&catid=113:ports-and-shipping&Itemid=208 |url-status=dead |archive-url=https://web.archive.org/web/20150402135248/http://bairdmaritime.com/index.php?option=com_content&view=article&id=10917:big-ambitions-for-philippines-shipbuilding&catid=113:ports-and-shipping&Itemid=208 |archive-date=April 2, 2015 |access-date=March 3, 2015 |website=Baird Maritime}}</ref>

Surrounded by waters, the country has abundant natural deep-sea ports ideal for development as production, construction and repair sites. In the ship repair sector, the Navotas complex in [[Metro Manila]] is expected to accommodate 96 vessels for repair.<ref>{{Cite news |title=Filipino firm invests P259M for shipyard in Navotas |url=http://www.businessmirror.com.ph/index.php/news/top-news/3760-filipino-firm-invests-p259m-for-shipyard-in-navotas |url-status=dead |archive-url=https://web.archive.org/web/20121216143922/http://businessmirror.com.ph/index.php/news/top-news/3760-filipino-firm-invests-p259m-for-shipyard-in-navotas |archive-date=December 16, 2012 |access-date=January 12, 2013 |work=[[BusinessMirror]] }}</ref> Shipbuilding is part of Philippines' maritime heritage;<ref>{{cite news |title=How shipbuilding contributes to PH economic growth |url=https://www.manilatimes.net/2022/03/19/public-square/how-shipbuilding-contributes-to-ph-economic-growth/1836855 |access-date=April 26, 2023 |work=[[The Manila Times]] |date=March 19, 2022 |archive-url=https://web.archive.org/web/20220326211904/https://www.manilatimes.net/2022/03/19/public-square/how-shipbuilding-contributes-to-ph-economic-growth/1836855 |archive-date=March 26, 2022 |language=en}}</ref> employing over 600,000 people and contributing almost 15 percent of revenues to the ocean-based industries.<ref>{{Cite press release |title=2022 POESA Infographics |url=https://psa.gov.ph/sites/default/files/infographics/2022%20POESA%20Infographics.png |archive-url=https://web.archive.org/web/20231024112906/https://psa.gov.ph/sites/default/files/infographics/2022%20POESA%20Infographics.png |archive-date=October 24, 2023 |language=en |website=[[Philippine Statistics Authority|PSA]] |url-status=live}}</ref><ref>{{Cite press release |title=Ocean-based industries grew by 21.1 Percent in 2022, Accounted for 3.9 Percent of GDP |url=https://psa.gov.ph/content/ocean-based-industries-grew-211-percent-2022-accounted-39-percent-gdp |archive-url=https://web.archive.org/web/20231024113701/https://psa.gov.ph/content/ocean-based-industries-grew-211-percent-2022-accounted-39-percent-gdp |archive-date=October 24, 2023 |language=en |website=[[Philippine Statistics Authority|PSA]] |url-status=live}}</ref>