SBSR drives employment and growth in PH

Title SBSR The Anchor to Growth in the Philippines' Shipbuilding and Ship Repair Industry

The shipbuilding and ship repair (SBSR) industry is poised to become a driving force behind economic growth in the Philippines. This sector's surge in activity not only creates job opportunities but also enhances domestic capabilities, boosting the country's global competitiveness. As we navigate the complexities of this sector, it is essential to recognize the significant contributions SBSR makes to skills development and industrial growth.

A Thriving Industry

Filipino shipyards, such as Herma and Seafront, are producing high-quality vessels that meet international standards, showcasing the country's capabilities in this sector. This achievement is a testament to the Philippines' potential as a global player in the SBSR industry. The industry also stimulates local supply chains, attracting investment and positioning the country as a strategic maritime hub.

A Future Built on Filipino Pride

According to Carlo Ignacio, Vice President for Operations at Seafront Shipyard, We believe that if other countries can have a thriving SBSR industry, we can too... hopefully, those Filipinos working abroad won't have to leave our country anymore. And we can be proud that the ships we are making are proudly Filipino-made. His sentiments highlight the potential for the SBSR industry to make a significant impact on the lives of Filipinos.

Government Support

The Maritime Industry Authority (Marina) is committed to supporting the sector through the SBSR Development Bill. This legislation aims to formalize the industry, expand infrastructure, and create thousands of additional jobs. The bill also seeks to increase the Philippines' share in the global shipbuilding market, projected to reach $414 billion by 2034.

A Symbol of Filipino Excellence

Each ship built or repaired locally represents more than a vessel – it is proof of Filipino skill, industry growth, and the potential to compete globally while keeping talent at home. As we continue to drive growth in this sector, we can proudly say that our country's SBSR industry is no longer a paltry endeavor but a significant contributor to our economy.

Conclusion

In 2025, as the SBSR industry continues to flourish, it will be crucial for stakeholders to work together to formalize the sector, expand infrastructure, and create additional job opportunities. By doing so, we can ensure that this growth is sustainable and benefits not only the industry but also the wider community.

Keywords Shipbuilding and ship repair (SBSR), Philippines, economic growth, jobs, skills development, industrial growth, maritime industry, global competitiveness

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.