14 March 2012

Cargo volume up 7.8% at underused NCT-1

Cargo volume at the New Container Terminal (NCT-1) operated by Subic Bay International Terminal Corp. ( SBITC) rose 7.84 percent to 27,671 twenty-foot equivalent units (TEUs) in 2011 from 25,661 TEUs in 2010.

SBITC, a subsidiary of International Container Terminal Services Inc. (ICTSI), has been promoting Subic to industrial locators and shipping lines to increase containerized cargo handling business in the freeport zone, as the port remains underutilized.

The Subic Bay Metropolitan Authority (SBMA) said the port’s average annual throughput from 2007 to 2011 was 24,275.90 TEUs, representing 8 percent of the total capacity.

The estimated handling capacity of NCT-1 is 300,000 TEUs per year.

SBMA chairman and administrator Roberto V. Garcia, in his State of the Freeport address, said NCT-1’s cargo volume in 2010 was 25,661 TEUs, up 17.14 percent from 21,906 TEUs in 2009, and 3.41 percent higher than the 21,184 TEUs recorded in 2008.

NCT-1 is a 14-hectare terminal with a 280-meter berth and a controlling depth of 13 meters.

As of December 31, 2011, SBITC had two post-panamax cranes, three reach stackers, five forklifts, nine prime movers, four manual spreaders and 15 chassis.

SBMA and ICTSI signed the contract for the operation and management of the NCT-2 for a period of 25 years on July 27, 2011.

NCT-2 is a 14-hectare terminal that includes a 280-meter berth with 13-meter depth and two quay cranes. The NCT-2 has an annual throughput capacity of 300,000 TEUs.

NCT-2, together with the adjacent NCT-1, is a primary component of the $215-million Subic port modernization program that was funded by the Japan Bank for International Cooperation (JBIC). (Genivi Factao, Malaya Business Insight)