Cerberus plans PHP15B investment in PH shipyards, logistics

New York-based Cerberus Capital Management plans to invest an additional PHP15 billion ($250 million) in new projects in the Philippines over the next 12 months.

The company, which operates the Agila Subic Shipyard in Subic Bay and recently acquired the former Hanjin Shipyard for $300 million, disclosed this during a meeting with President Ferdinand R. Marcos Jr. and US President Donald Trump in Washington D.C. earlier this week.

Cerberus intends to use these funds to further upgrade its shipyard and introduce new projects in logistics, energy, and transport infrastructure.

Managing Director Alexander Benard expressed optimism about the progress seen in their operations and the support from the Philippine government, noting that HD Hyundai Heavy Industries will now commence shipbuilding operations ahead of schedule with a steel-cutting ceremony planned for the last quarter of 2025.

The projects are expected to create thousands of jobs and position the Philippines as a key logistics hub in Southeast Asia.