The Subic Bay Metropolitan Authority urged shipping lines to take advantage of the co-loading law to cut cost and improve efficiency.
SBMA chairman Martin Diño said the co-loading law would help increase the competitiveness of the country’s exporters and importers in the face of a more dynamic trading business.
|The Port of Subic|
“The co-loading law will allow ships calling to one destination to load or unload goods to another domestic port. This scheme is seen to help businesses cut their costs and save time,” he said.
The co-loading law signed in June 2015 allows foreign vessels to transport and co-load foreign cargoes for domestic trans-shipment and other purposes.
Two shipping lines calling in Subic Bay have availed of the benefits of the co-loading law.
“We hope that more shipping lines will use this advantage. This is not only for the businesses but also for the end consumers of the transported goods,” Diño said.
Transportation costs play a huge part in pricing commodities and other goods. Reduced transportation costs would benefit consumers, Diño added.
The two shipping lines that have capitalized on the co-loading law made Subic Bay International Terminal Corp. its port of call.
“We have a highly competitive port here in Subic, doing businesses here is an advantage especially for businesses in Northern Luzon because the infrastructure has already been laid and is fully functional,” Diño said.
Subic Port is now technically advanced after completing its first container freight station, a facility that few several ports in the country have.
The CFS, the only facility to serve Central Luzon market, features an initial storage space of 840 square meters, which can be extended up to 1,860 square meters.
It features state-of-the-art equipment and 24-hour CCTV cameras and is capable of stripping or stuffing eight containers simultaneously. It will be inaugurated in second week of November. (Othel V. Campos, Manila Standard)