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Business > Maritime
Marina, DBP collaborate on ship modernization
By Genivi Verdejo
Sep 13, 2023 12:06 am

THE Maritime Industry Authority (Marina) and the Development Bank of the Philippines (DBP) supported the modernization of the maritime industry in Region 8 (Eastern Visayas), focusing on addressing financial and accessibility issues faced by stakeholders.

Marina Regional Office 8, with the Marina Central Office's (MCO) Shipyard Regulation Service and DBP, discussed the challenges related to ship modernization mandated by Marina Circular 2016-02, affecting boatbuilders, shipowners and operators in the region.

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