JM McGregor Haggens Inc.

To meet over-growing needs of the maritime Industry, We effected substantial organization, restructuring technology advancement and ship repairs modifications, we are proud to say that all these reaped us good review and become one of the top among shipbuilders.   Our products and services are designed with our clients in mind. Their satisfaction is our priority as we continue invests in financial capability and facilities. We operate in every market where we see an opportunity to improve, innovate or invest. How do we build better ships? We listen carefully to our customers and we invest a great deal in innovation, research and technology development.  What detach our Company from other training and construction service providers is our distinctive and matchless design and squeezing with vital and indispensable phases of and our competence of providing machinery and provides us a capability edge from others.  Our affiliates that provide added mandatory services collectively augment our capacity to provide genuine services to our clients. In 2016, the global shipbuilding industry was valued at $80.2 billion, with expor

ts in 2015 at approximately $117 billion. The industry, while in a current state of overcapacity with a young (average age) global fleet, still sees demand for new builds, as well as conversions and repairs, particularly due to increasing environmental regulations. Four key aspects of the shipbuilding GVC should be highlighted:

 First, final assembly is concentrated in a few countries and offshore production in this    industry is not common. In particular, China, Korea, and Japan account for over 90 percent of production based on gross tonnage (GT) second, there are two main segments of the industry: commercial shipbuilding (focused on transporting) and the offshore segment (activities that occur at sea; primarily related to oil). Within each segment, there is a wide mix of vessel types, which share some common materials and equipment, although several.

The Philippines is in a distinct position in the shipbuilding GVC because it serves the demand for (smaller) vessels in the domestic market and exports large, commercial ships to the international market. Since 1994, export-oriented shipbuilding has played a significant role in the country’s economy. In 2015, it accounted for 2.6% of total exports, valued at US$1.5 billion while the total estimated revenue in shipbuilding and repair was pegged at approximately $1.6 billion. In terms of ship production, the Philippines ranked fourth based on GT since 2010. Meanwhile in 2015, it accounted for 2.8% of world ship completions (based on GT) and 1.3% of ship exports from Philippines. 

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