Current price levels in the Philippines shiprepair industry are somewhat lower than Singapore but still slightly higher than mainland China, although the Philippines' yards can compete when the steelwork is scattered and less than 50-100 tonnes. Keppel Philippines Marine has three shipyards located in the Philippines, Keppel owning major shareholdings in each yard, and all of which are managed by Keppel. The three shipyards are Subic Shipyard & Engineering, Keppel Batangas and Keppel Cebu. Both the Batangas and Cebu yards are involved in local and international markets, while the Subic facility, which operates a graving dock for ships up to 340,000 dwt, is involved only in the international market.
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