Cerberus to infuse P15-B more into Phl shipyard, logistics projects

US-based Cerberus Capital Management is set to invest an additional ₱15 billion in the Philippines over the next 12 months, eyeing upgrades to its Subic shipyard and launching new ventures in logistics, energy, and transport infrastructure.

The announcement came following the firm’s meeting with President Ferdinand R. Marcos Jr. in Washington, DC, where executives cited government support and encouraging operational progress as key reasons for expanding their footprint.

Cerberus, which acquired the 300-hectare Agila Subic Shipyard—formerly Hanjin—in 2022, said the fresh capital will help transform the facility into a hub for industrial and maritime activity.

“We’re encouraged by the progress we’ve seen and by the strong support from the Philippine government,” said Alexander Benard, Cerberus managing director. “We believe the Philippines has strong long-term potential as a regional hub for industrial and logistics activity.”

Special Assistant to the President for Investment and Economic Affairs Frederick Go said the new investments would create thousands of jobs and boost the country’s energy and logistics capabilities, further cementing the Philippines’ role as a rising logistics center in Southeast Asia.