RD Group to expand shipyard

A Philippine ship builder is investing P250 million for a new facility in Maasim to take advantage of growing transportation demand in the region. Gensan Shipyard and Marine Works, Inc., a subsidiary of the RD Group of Companies, is building twin slipways with a combined capacity of 10,000 gross tons, which will become biggest in Mindanao.

The company has two existing floating dry docks with a combined lifting capacity of 4,000 tons, occupying an area of approximately 185,000 square meters. The new facility is expected to cater to the transportation and logistics needs of the Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA).

When completed and fully operational, the shipbuilding project will generate 700 jobs. The project is also aimed at supporting the RoRo sea transport program of the government.