There's a whole website dedicated to the wrecks and their maritime history at CoronWrecks.com - an excellent piece of research. I found some general info about Palawan at Wikipedia and Palawan.com, and a good overview of all the dive sites around the town of El Nido at the Dive Philippines site. From what I can work out, El Nido is the biggest town on this long, thin island and where everything happens.
Via DiveHappy
Coron Bay on the Island of Palawan, Philipines is regarded as "the other Truk Lagoon". In 1944 task force 39, part of the US 3rd fleet, and under the command of Admiral William Hasley attacked 20 enemy ships. First aerial recconoconce had revealed only islands, however, subsiquent photos revealed these "islands" had moved. The Japanese had placed trees on the decks of the ships in order to disguise them. 45 minutes into the attack 18 vessels were sinking. The raid set a new record for long distance raids 350 miles. The result was, like Truk Lagoon a legacy of shipwrecks that would later delight the diving world.
Via SportExtreme
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