The province of Misamis Oriental is being eyed as a shipbuilding and repair hub in the country. This is very logical since the province is a major transhipment hub for both passengers and cargo from Mindanao to Visayas and Luzon and vice-versa.
Philippine Iron Construction and Marine Works (PICMW), a major shipbuilding repair facility is located in Jasaan, an industrial, shipping and fishing town in the province. Ships running aground in Macajalar Bay are being repaired in the drydocks of the PICMW Complex for a long time now since 1972. The facility is also into shipbuilding but of smaller scale like barges. I think there are only two shipyards in the Philippines with a synchrolift system, PICMW and Keppel Batangas.
Also, South Korea’s Shipbuilding giant Hanjin Heavy Industries and Construction Co. Ltd., which already has a shipyard in Subic Bay has plans for a similar facility at PHIVIDEC which development has been ceased temporarily due to the world wide economic crisis but everybody is hoping that the project will resume this year.