The House Committee on Transportation approved the substituted bill regarding The Philippine Ship Registry System introduced by ANGKLA Party-List Rep. Jesulito Manalo. This bill is geared towards attracting foreign owned vessels to register under a proposed incentive scheme and a simplified registration system.
“The bill aims to align our ship registration with the requirements of international maritime conventions, codes and practices, and corollary, allow us to encourage foreign ship owners who employ Filipino crew to consider the Philippine flag registry for their requirements,” explained Congressman Manalo. “So, as we take pride in being a major supplier of global maritime professionals on board international vessels in the different parts of the world, we must continue to find the means to further develop the Philippine maritime industry. Through the enactment of relevant laws, we must promote policies that will ensure the growth of the Philippine merchant fleet, adhering to international practices and international maritime regulations and conventions.”