03/06/2026
Philippine Maritime Forum Highlights Investment and Partnership Opportunities
Athens, Greece – The Philippine Embassy in Athens led by Ambassador Giovanni E. Palec, in collaboration with the Hellenic-ASEAN Business Council (HABC) headed by Mr. Nick Stasinopoulos, successfully held the 2nd Philippine Maritime Forum on 29 May 2026 at the Piraeus Marine Club.
With the ambassador were First Secretary and Consul Therese R. Cantada, Ms. Nenita S. Atienza, Deputy Administrator for Planning of Maritime Industry Authority (MARINA), Mr. George Xiradakis, President of the Association of Banking and Financial Executives of Hellenic Shipping, Ms. Katrina Banzon, Commercial Counsellor and Director of Philippine Trade and Investment Center (PTIC-Paris), and Mr. Renato W. Lee III, Senior Deputy Administrator for Business and Investment of Subic Bay Metropolitan Authority (SBMA).
The Forum, building on the success of the inaugural edition, highlighted the developments, reforms, and investment opportunities in the Philippine maritime sector, including in cruise tourism, port development, shipbuilding and ship repair as well as the financing aspects of investments.
In his welcome remarks, Ambassador Palec highlighted the Philippines’ potential to become a strategic maritime partner of Greece. Beyond being the largest source of highly skilled seafarers for Greece and the global shipping industry, the Philippines offers broad-based and competitive capabilities across the maritime value chain, including shipbuilding, ship repair and maintenance, maritime logistics, shipyard development, and maritime education and training. He further highlighted the country’s strategic geographic location and young, highly trainable workforce as key enablers to support the evolving needs of the global maritime industry.
MARINA Deputy Administrator Atienza briefed the forum on the status of the Philippines' maritime industry, highlighting Shipbuilding & Ship Repair, the Domestic Shipping Sector, and the Maritime Human Element. The Philippines is ranked as the fourth-largest shipbuilding nation worldwide, reflecting its growing industrial capacity, competitive position in the global maritime value chain, and increasing role as a strategic partner in international shipbuilding and repair markets. She encouraged the audience to consider the opportunities for partnership in the Philippine maritime sector, especially in Ship Registration, Crew & Manpower, Shipyard Investment and Green Maritime Tech.
Drawing from decades of experience in maritime and finance, Mr. Xiradakis discussed the evolving landscape of shipping finance and emerging strategies for maritime investments. He pointed out that for the Philippines to fully develop its capabilities, the country must learn how to tap the financial markets.
Commercial Counsellor Banzon presented the Philippines’ positive economic outlook and investment opportunities in high-value services, smart and sustainable manufacturing, sustainability-related investments, flagship infrastructure projects, and maritime industries, including shipping, shipbuilding, and ship repair. She emphasized the Philippine government’s incentives and commitment to fostering a robust and investor-friendly business environment.
SBMA Deputy Administrator Lee highlighted the Subic Bay Freeport Zone as a premier destination for foreign and local investments in manufacturing, maritime, logistics, tourism, information and communications technology, and related services. He cited major locators in shipbuilding, ship repair, and port services, including HD Hyundai Heavy Industries Philippines and Cerberus Capital Management.
HABC Chair Nick Stasinopoulos emphasized ASEAN’s position as a high-growth region driven by favorable demographics, urbanization, and digital transformation, and invited stakeholders to deepen engagement with Southeast Asia through HABC.
The presentations were followed by a panel discussion and an open forum. The Forum also featured the signing of a Memorandum of Understanding between MARINA and HABC, further strengthening cooperation in the maritime sector.
The Forum was attended by around 70 representatives from the Ministry of Foreign Affairs of the Hellenic Republic, ASEAN countries’ embassies in Athens, shipowners, maritime and corporate registry service providers, ship management companies, and manning agencies that had representative offices in the Philippines. END