President Ong tours shipyard

President Ong tours shipyard

CEBU, Philippines (AFP): Singaporean President Ong Teng Cheong
yesterday toured a ship repair facility acquired by the
Singaporean-based Keppel Group, in this central island.

Tight security prevailed as Ong, accompanied by his wife, Ling
Siew May and Singaporean cabinet officials, toured the Cebu
Shipyard and Engineering Works Corporation.

While at the shipyard, Ong also attended the inauguration of
the Sea Falcon, a cable-laying ship owned by the London-based
Odin Marine Management.

The vessel, formerly a Norwegian-flagged oil driller,
Enterprise, had been refitted at the shipyard at the cost of 60
million pesos (US$2.4 million), said aides of Philippine
President Fidel Ramos, who accompanied President Ong.

The shipyard is owned by Keppel Holdings Philippines which is
53 percent owned by the Keppel Group of Singapore.