“We’re all very excited about this project and… we have always tried to find a way to regain our position in the shipbuilding. We were already number 2 for awhile, and then when Hanjin closed ,” President Marcos said during a meeting with Cerberus top executives in Malacañang.
Apart from Quayle, the company officials who met the President were Cerberus Co-Chief Executive Frank Bruno and Co-head Alexander Benard. The firm also sees value and potential in improving the Subic airport for logistics or cargo and plans to propose to the Subic Bay Metropolitan Authority to convert the airport into a cargo and logistics hub.