In Philippines, Shipping Defies Martial Law Jitters

By Noel Tarrazona
The Philippine government sees a continuing increase in the shipping industry despite the declared martial law in Mindanao, on-going conflict in Marawi, growing threat in the ASEAN maritime region and the unresolved dispute in the South China Sea.
Earlier, many shipping cargo industry players expected slow growth in the shipping industry thanks to slow growth in the mining industry and the volatility of the Philippine currency.
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