PH maritime industry faces many challenges in 2017, beyond

Although the Philippine maritime industry has a lot of potential for growth, stakeholders agree that the its biggest challenges lie in the people’s mindsets, the way they perform their duties, in infrastructure, and the policies that regulate activities within the industry.

Because of the country’s strategic geographic location, the Philippine economy has large growth potentials and opportunities in shipping/liners (both domestic and international); ship building and ship repair; maritime tourism, fishing; and other marine-related industries, which create jobs and generate employment. This is in addition to the world-class quality of marine power it produces, which in turn results in around 700,000 Filipinos actively pursuing seafaring jobs and professions all over the world. They contribute to the economy by sending back home billions of remittances annually.