IMP Shipyard and Port Services Inc. in Albuera, Leyte is expected to be fully operational by mid-2024, the Board of Investments (BOI) said.
Established in 2019 with an initial project investment cost of P500 million, IMP Shipyard and Port had its inaugural activities on February 23.
The state-of-the-art shipyard facility has a capacity of 10 berths to accommodate two ships for new construction and eight ships for ship repair services.
One of its flagship projects involves the construction of an energy-efficient ferry as part of the re-fleeting program of Metro Ferry Cebu, a domestic shipping company based in Cebu.
The BOI said IMP Shipyard envisions a safe, efficient, and environment-friendly shipbuilding and repair facility that will harness the Blue Economy potential of the Philippines.
The company also plans to build commercial fishing vessels and establish a fish port equipped with refrigeration units, stimulating economic activities and benefiting local fisherfolk.
The company aims to capacitate returning seafarers for their upskilling and reskilling and provide for their potential business opportunities in the ancillary services of IMP Shipyard.
For its shipbuilding and ship repair services, IMP aims to design and build steel-hulled vessels of 50 meters LOA and below, in support of the Coastal and Inland Water Transport System of Maritime Industry Authority and committed to a fast turnaround of vessels for its repair services.
IMP Shipyard plans to expand into strategic locations to accommodate larger vessels and potentially establish a ship-breaking and recycling facility to support the government’s ship retirement and replacement program.
IMP Shipyard is the first shipbuilding and repair facility registered with the BOI under Tier I of the Strategic Investment Priority Plan in accordance with Republic Act 11534 or the Corporate Recovery and Tax Incentives for Enterprises Act Law.
