00:00 President Ferdinand R. Marcos Jr. has approved the 10-year Maritime Industry Development Plan 2028.
00:08 Under Executive Order No. 55,
00:12 which was passed by Executive Secretary Lucas Bersamin,
00:16 this will serve as the whole-of-nation roadmap for the expansion of our maritime industry,
00:23 according to President Marcos Jr.
00:25 This is to use the full potential of the Philippines as a maritime nation.
00:31 The roadmap is needed to accelerate the development of the Philippine maritime industry.
00:37 Under the so-called EO,
00:39 the Marina Board is ordered to have a system for effective implementation,
00:45 monitoring and review of MIDP and other component programs.
00:51 This includes modernization and expansion of domestic shipping,
00:57 promotion and expansion of the overseas shipping industry.
