PCSPC to expand fuel storage by 6.3 million barrels in Subic Freeport

The Philippine Coastal Storage and Pipeline Corporation (PCSPC) is expanding their fuel storage capacity to 6.3 million barrels inside this premier Freeport.

During the groundbreaking ceremony at the Subic Bay Freeport on Tuesday, Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Jonathan D. Tan disclosed that the company is set to construct two new 180,000-barrel-capacity fuel storage tanks this year and the next.

Tan was the guest of honor at the groundbreaking ceremony led by PCSPC Chief Executive Officer Richard Tiansay at the Maritan Tank Farm here.

Senior Deputy Administrator for Business and Investment Renato Lee III, PCSPC Chief Finance Officer Tricianne Zingapan, Metalife Builders Development Company, Inc. President Arnel Dumalaog and Vice President For Operations Milo Sesante were also present to witness the ceremony.

According to Tiansay, the two 180,000-barrel-capactiy fuel storage tanks cost of P800-million, with the first tank expected to be completed by March 2024, while the second tank by August 2024.

The two tanks will also be constructed at the Maritan Tank Farm.

He added that the construction of these two tanks were tasked to Metalife Builders Development Company, Inc., since the company has adhered with international standards. Tiansay also said that all tanks will be equipped with safety and environmental control equipment including fire protection and pollution control.

Chairman Tan said that the expansion of the company’s operations is welcome news, adding that part of his administration’s thrust is the development of existing companies inside the Subic Bay Freeport Zone. He also expressed that companies will certainly flourish under his term.

“We want Subic Bay Freeport to develop and become the preferred sustainable investment hub and eco-tourism destination in Asia Pacific by 2030. The construction of these two 180,000-barrel-capacity fuel storage tanks is a step forward towards that goal,” he added.

In 1993, PCSPC initially assumed operation that only had a 2.5-million barrels capacity. The company has then been expanding ever since. The Maritan expansion project, which started in 2012, is now on Phase 4 of the construction in the area.

The construction of the two barrels will increase the capacity of the PCSPC by up to 6.3-million barrels or one billion liters of fuel storage. Once operational, the project is expected to increase the vessel dockage at Subic Pier and tank truck deliveries, which will attract more petroleum fuel clients to utilize Subic Freeport as their fuel hub. (MPD-SBMA)

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Top corporate performers in Subic named

Twelve companies in the Subic Bay Freeport Zone received the 2018 Mabuhay Awards from the Subic Bay Metropolitan Authority (SBMA) for being the top performers last year.

SBMA Chairman and Administrator Wilma T. Eisma said the SBMA keeps tab of the performance of Subic companies and recognizes the best performers through the SBMA Mabuhay Awards.

In the ceremony, Eisma urged locators to continue to enshrine transparency and compliance in their operation “because it is only with transparency and compliance that we can ensure a stable and predictable environment for the country, and for the Freeport.”

The Subic business locators that received the citation were:

- Toyota Subic, Inc., which received the “New Business of the Year” award for demonstrating remarkable results in customer service, marketing, and competitive positioning since its opening here on Nov. 8, 2018;

- HHIC-Phil Inc., was cited as “Top Importer of 2017” and “Top Exporter of 2017” for attaining the biggest import value of US$388 million and export value of US$1.25 billion;

- Subic Duty Free Shops, Inc., which runs and operates Meatplus Café, received the “Responsible Tourism Award” for creating positive business impact and significant economic, environmental and social benefits as one of the most popular food outlets inside SBFZ with a consistent strong following from local and international tourists;

- Philippine Coastal Storage & Pipeline Corporation (PCSPC), was “Top Net Income Earner of 2017”. PCSPC operates the petroleum storage and pipeline facilities at the former US military bases in Subic and Clark, and its 160-hectare facility here includes a marine terminal, fuel storage tank farms and tank truck loading facilities;

- Brighterday Subic Ltd., Inc. which manages and operates All Hands Beach, was given the “Eco-Innovation Award” for its efforts in biodiversity conservation, particularly in monitoring and releasing more than 4,000 sea turtles to their natural habitats since 2011;

- S-CORP Philippines, Inc., which offers end-to-end transaction processing services, intricately linked enterprise information management systems, and personalized multi-channel communications solutions for over 3,500 clients in distinct industry verticals across the globe, received the “SME Employment Award” for its non-discriminatory hiring system and generation of remarkable number of jobs for local and indigenous people;

- Allied Care Experts (ACE) Medical Center – Baypointe, Inc., which operates a tertiary medical tourism facility, received the “Health and Wellness Business of the Year” award, for its Biggest Loser Program that drew 181 participants, and for regular Zumba classes conducted at its auditorium and view deck;

- Converge ICT Solutions, Inc., was the “Service Business of the Year for Information and Communication Technology Industry” for offering the country’s only Pure End-to-End Fiber Network and its advocacy to upgrade the Filipino web experience;

- Subic Enerzone Corp., an Aboitiz Power Corporation, Inc. company, was “Service Business of the Year for General Business and Investment Industry” for its commitment to deliver, at most reasonable cost, safe and reliable electric service to the people and businesses they serve;

- International Container Terminal Services, Inc. was “Service Business of the Year for Logistics” for serving the growing economy of the northern regions of the Philippines through world-class container handling services at the Subic Bay Freeport;

- One Subic Power Generation Corp., a subsidiary of PHINMA Energy Corporation, meanwhile, received the “Corporate Social Responsibility Award” for its Cawag Reforestation Project whereby around 3,000 coffee seedlings were planted by mobilizing both upland farmers and employee volunteers; and

- Subic Superfood Inc., which produces the Mt. Mayon Premium Pili Nuts, received the “Special Recognition Award” for its exemplary dedication and passion in turning its locally-sourced main raw material into a quality product that has brought pride and honor to the Subic Bay Freeport and the Philippines for being recognized in various prestigious and international awards. (RFD/MPD-SBMA)

PHOTO:

SBMA chief Wilma T. Eisma (center) and other SBMA officials congratulate winners of the 2018 Mabuhay Awards, which recognized top business performers in the Subic Bay Freeport (AMD/MPD-SBMA)

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Philippine Coastal expands fuel storage in Subic

The Philippine Coastal Storage and Pipeline Corporation (PCSPC), which operates the fuel depot here and the fuel pipeline linking Subic to Clark Freeport, has expanded its operations here with the inauguration of three new 180,000 barrel fuel storage tanks and two tank-truck loading racks on Friday.

The groundbreaking ceremony at the Maritan Hill expansion site was attended by top officials from the PCSPC, the Subic Bay Metropolitan Authority (SBMA), and the Aboitiz Construction Group, Inc., which fabricated the new storage tanks.

The operation of the three new tanks will increase PCSPC’s total fuel storage capacity to 5.2 million barrels, or 827 million liters, said PCSPC Chairman Michael Rodriguez.

“This considerable increase in storage is in response to our customers’ demand for quality and available fuel storage in Subic Bay, and we are pleased to be able to provide this new expansion to accommodate their needs.” Rodriguez said.

He also boasted that the construction of the three new storage tanks and the two tank-truck loading racks was completed within one year without any accidents.

The construction was “on time and on budget,” Rodriguez added.

SBMA Administrator Wilma Eisma lauded the PCSPC project and noted that the construction of infrastructures within the Freeport can be done without any untoward incident. She added that the expansion of the fuel storage facility would also boost business in the Subic Bay Freeport.

PCSPC officials said the new tanks are on par with international standards and will increase the company’s total fuel storage by 540,000 barrels for various fuel products such as diesel, gasoline, jet and fuel oil.

The expansion also completed the PCSPC’s commitment to the SBMA to invest and build 1.8 million barrels of fuel tank storage at the Maritan tank farm.

The PCSPC’s strategic location inside the Subic Bay Freeport Zone provides efficient importation of fuel products for storage and onward distribution along the network of well-maintained toll roads to Clark, Manila, Central and Northern Luzon.

“The Freeport also provides an efficient coastal location for hub operations with imports from regional refineries for onward export distribution to the region,” Rodriguez said.

The company has been operating the petroleum storage and pipeline facilities of the former US Naval Base in Subic. The facility was originally constructed in 1953 with a capacity of 2.4 million barrels, but PCSPC has doubled the fuel storage capacity over the past six years, with plans to further expand operation in the future. (JRR/MPD-SBMA)

PHOTO:

[1] Officials cut the ceremonial ribbon to inaugurate new fuel storage tanks at the PCSPC facility in the Subic Bay Freeport. From left: SBMA Senior Deputy Administrator Ramon Agregado, Ayta tribal elder Bonifacio Florentino, PCSPC Chairman Michael Rodriguez, SBMA Chairman Martin Diño, Aboitiz Construction President & COO Alberto Ignacio Jr., and PCSPC President & CEO David Attewill. (AMD/MPD-SBMA)

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Port of Subic helps Customs top February collection target

The continued oil shipments coming in the Port of Subic provided some saving grace in the sluggish collections of the Bureau of Customs (BOC) for its actual revenues amounting to P1.41 billion last month.

While the other billionaire ports floundered and failed, the Port of Subic performed beyond expectations, exceeding its February target of P1.35 billion by P60 million, an initial data culled from BOC showed.

“We have regular importations of oil and heavy equipments. The big percentage of our revenues come from the importation of these goods,” Subic port collector Carmelia “Mimel” Talusan, who consistently hit her targets since she assumed in November last year, told Manila Bulletin.

The top tax-paying oil firms in Subic include PTT Philippines Corp., Cebu Air, Inc., Phoenix Petroleum Philippines, Inc., and Total Philippines Corp., among others.

The same collection report indicated the Ninoy Aquino International Airport (NAIA) and the Port of Davao were the other biggest gainers in terms of revenue collection during the period.

NAIA collected P2.350 billion as against its target of P2.032 billion or an excess of P318 million while Davao registered a surplus of P129 million for its P1.134-billion collection, higher than its revenue goal of P1.005 billion.

These three ports, quite notably, are the survivors of revenue shortfalls in February. The others were smaller ports such as San Fernando, Legazpi, Iloilo, and Cagayan de Oro.

They outperformed the ports that are traditionally cash cows of the BOC, which have been severely affected by the Chinese New Year.

Revenue collections in BOC have been comparatively dismal in February due to the Chinese holiday as most businessmen and importers traditionally scale down their importations.

But for Talusan, the Chinese New Year has no effect to the oil importations in Subic Port.

“We are affected by the decrease of importations if it is December. In December, they are doing inventories already and they are checking all of their supplies,” she noted.

Unlike Subic, the sluggish volume in importations was evident in the Manila ports.

The Manila International Container Port and the Port of Manila, which are traditional big revenue earners, contributed a combined deficit of more than P2 billion last month.

The MICP posted the highest deficit, registering a shortfall of P1.360 billion for its P9.313-billion collections, short to meet its revenue target of P10.673 billion. (Raymund F. Antonio, Manila Bulletin)

PHOTO:
Tankers docked at the Pol Pier of the Subic Bay Freeport Zone where the oil tank facility of the Philippine Coastal Storage & Pipeline Corporation is located.

http://business.mb.com.ph/2017/03/14/port-of-subic-helps-customs-top-february-collection-target/

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SBMA confers awards to 15 top Subic Freeport investors

The Subic Bay Metropolitan Authority (SBMA) has conferred its first Mabuhay Business Awards to 15 business locators here who have strengthened the local economy and contributed significantly to the growth of the country’s gross domestic product.

Organized by the Office of the Chairman and Administrator and the SBMA Business Group, the Mabuhay Business Awards were given to the top 15 locators whose combined investments have reached a total of US$3 billion and together have employed over 40,000 workers.

“These locators have breathed life into the local economy,” said SBMA Chairman Roberto Garcia. “They have transformed vacant parcels of land into busy commercial establishments and factories; a target range into a leading shipbuilding facility in the world; and a marsh land into a hi-tech manufacturing facility producing high value electronic components used by global brands.”

“The awards we’re giving them are just a small measure of our appreciation in helping build the Subic Bay Freeport into what it is now,” Garcia added.

According to SBMA Deputy Administrator for Business Ronnie Yambao, the 15 investor-awardees were chosen from the 1,536 Freeport-registered companies based on their actual investments, jobs generated, and multiplier effect caused by the locators’ business operations.

For the general business sector, the awardees were: Honeywell Ceasa (Subic Bay) Co., Inc., a P435-million firm providing repair and overhaul of aircraft wheels, brakes and other aircraft equipment; Petron Freeport Corp., a wholly-owned subsidiary of Petron Corp., with P422-million investment in Subic; and Anglo Asia Commodities Corp., a P350-million investment engaged in export/import, warehousing, and transshipment of general cargoes and merchandise.

For the information and communication technology sector, the awardees were: PLDT Subic Telecom Inc., a P550-million project that provides telecommunications services in the Freeport; S-Corp Philippines, Inc., a P166-million company with 1,800 workers in the field of technology services; and Moon Kkang Talk, Inc., a P97-million investment with 173 workers that provides online direct response marketing, live order taking services, on-line learning center, among others.


For the leisure sector, those cited were: Subic Bay Town Center, Inc., with investment of P1.6-billion for the operation of the Harbor Point Mall; Royal Duty Shops Inc., also a P1.6-billion investment that engages in retail business; and Fertuna Holdings Corp, a wholly-owned subsidiary of Cosco Capital Inc., with P554M million committed investment in the field of retail, real estate, liquor distribution and other specialty business.

For the logistics sector: Philippine Coastal Storage and Pipeline Corp., with P3.4-billion worth of investment in fuel terminal and storage tank farm that can hold 4.6 million barrels of petroleum and petroleum-related products; Subic Bay International Terminal Corp., a P906-million company that manages and operates the New Container Terminal 1 and is committed to further develop the facilities; and Subic Bay Freeport Grain Terminal Services, Inc., with investment of P683 million for bulk grain handling for Central and Northern Luzon grain importers.

Then for the manufacturing and maritime sector, the awardees were: Hanjin Heavy Industries Inc., Phil., Subic’s biggest investor with over US$2 billion investment and a total of 33,863 workers; Sanyo Denki Phils., Inc., a P3.2-billion company with 3,500 workers engaged in the manufacture of electric machineries, appliances and computer and electronic wares; and Tong Lung Phils. Metal Industry Co., Inc., which has over P2.1 billion in investments and over 2,100 workers for the manufacture of residential and commercial locksets and door closer.

The Subic Bay Freeport and the Clark Freeport Zone in Pampanga remain to be major contributors to the country’s economic development, as their combined export values last year provided about 11 percent of the country’s gross domestic product (GDP).

The SBMA said that Subic and Clark’s combined export value last year amounted to around US$6 billion and was very significant to the gross regional domestic product (GRDP), which contributed 11 percent to the Philippine GDP. (RAV/MPD-SBMA)

PHOTO:
SBMA Chairman Roberto V. Garcia, along with other SBMA officials, joins locator-awardees during the first SBMA Mabuhay Business Awards ceremony held at the Subic Bay Exhibition and Convention Center on December 11, 2015. Fifteen of the biggest business locators here were recognized for their significant contribution in strengthening the local economy and to the growth of the country’s gross domestic product. (AMD/MPD-SBMA)

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