Subic Bay Freeport is expected to hit record cargo volume growth this year as more cargoes from Bataan and Clark businesses utilize the nearby Port of Subic.
Christian Gonzales, Vice President for Operation of International Container Terminal Services, Inc (ICTSI) said their port facilities in Subic are likely to exceed last year's cargo volume of 120,000 TEUs (twenty-foot equivalent unit).
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| A cargo ship docks at the Port of Subic (AMD-MPD/SBMA) |
“Our Subic port is expected to post record volume this year. Subic is very exciting because it would be very illogical for companies in Bataan to still bring their cargoes to Manila,” he said.
The only thing needed to boost cargo volume in Subic is to further widen the roads leading to Subic, especially the one connecting Bataan. It takes half the distance only for Bataan-based companies to ship through Subic than Manila.
“So any growth in cargo volume in Bataan will logically go to Subic,” Gonzales said.
ICTSI's terminals 1 and 2 in Subic Freeport operated by its two subsidiaries - Subic Bay International Terminal Corporation (SBITC) and ICTSI Subic Inc., were built to accommodate 600,000 TEUS.
Its Subic port incurred some cargo volume losses when second hand car importation was no longer allowed to enter through Subic. It has gained new cargo volume as more companies locate in Bataan and Clark and ship their cargoes through Subic.
This has caused some cargoes from its Manila International Container Terminal to be diverted to Subic, but increased cargo volume from Laguna and Cavite-based companies have more than made up for lost volume. MICT has a capacity of 4.2 million TEUs.
Read more - http://www.mb.com.ph/ictsi-to-open-4-intl-ports-with-1-b-investment-this-year/
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