AN aerial view of Megaship Builder’s shipyard in Leyte. Currently, the shipyard has a shipbuilding capacity of 50,000 DWT and a ship repair capacity of 20,000 DWT.
Chua is also the new owner of Asiabest Group International, one of the Philippines’s best-performing stocks. The company will also open a shipyard in Bataan soon, which will have a shipbuilding capacity of 200,000 DWT and a ship repair capacity of 100,000 DWT. Megaship Builders has publicly stated it would be taking advantage of the Shipyard Modernization Program—a core component of the MIDP. The company has sought financing from the Development Bank of the Philippines for its expansion plans.
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