Athens: The Philippines is growing as shipping’s back office hub, says the president of the nation’s top crewing provider.
Marlon Rono, president of Magsaysay Maritime Corporation, spoke with our sister title, Maritime CEO, while attending this year’s Posidonia event in Athens.
“The Philippines is more and more of a service orientated economy,” Rono observed, and this is true for shipping too. There are now some 35 shipmanagers with bases in the Philippines.
“More and more owners are moving to the Philippines too,” he said, “as Singapore and Hong Kong have become too expensive.” Shipowners shift much of their back office work to Manila while keeping a commercial presence in Singapore or Hong Kong, he explained.
For the full interview, including the very latest on what is happening regarding the European crewing audit of Philippine training institutes click here. [04/06/14]