There could have been a joint venture for Hanjin with a Chinese firm earlier, but this was refused because of the quoted price which was way higher than what they just recently quoted based on Hanjin official. Now Hanjin is willing to accept an offer of 500 percent lower. Meanwhile, The Philippine Business and News is getting the reaction of Subic Bay Metropolitan Authority (SBMA) Chairman Wilma Eisma on what will be their contingency plan and how would it affect the Subic Freeport Zone as an investment hub. But as of this posting, we did not get any reply yet.