Wednesday, 16 January 2019

Pair of Chinese firms eye Subic Bay shipyard, causing alarm in the Philippines

quote [ A pair of Chinese firms are in the running to buy a massive shipyard in Subic Bay from South Korea’s Hanjin Group, local media reported Saturday.

The harbor, once known as Naval Base Subic Bay, was home to thousands of U.S. sailors and their families before the Navy left in 1992. It’s still a regular port call for U.S. warships and Marines who practice beach landings nearby in Zambales province.

Subic’s importance has grown in recent years amid Chinese efforts to build military facilities on artificial islands and claim sovereignty over territory to the west in the South China Sea. ]

Made many a trip to Subic in the 80's
[SFW] [business] [+1 Informative]
[by knumbknutz@4:31pmGMT]

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