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Poro Point Management Corporation signed lease agreements with three of the country’s leading fuel companies, Chevron, Shell, and Petron, for their continued operations at the San Fernando International Seaport in La Union
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The signing secures the continued presence of these critical industry leaders at Poro Point and solidifies the seaport’s position as Northern Luzon’s primary logistics hub for fuel, essential commodities, and commercial trade
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BCDA said the continued operations of these key locators will sustain local employment, fuel regional industrial growth, and maintain seamless supply chain connectivity across Northern
Poro Point Management Corporation (PPMC) signed lease agreements with three of the country’s leading fuel companies – Chevron, Shell, and Petron – for their continued operations at the San Fernando International Seaport (SFIS) in La Union.
The signing on September 28 secures the continued presence of these critical industry leaders at Poro Point and solidifies the seaport’s position as Northern Luzon’s primary logistics hub for fuel, essential commodities, and commercial trade, PPMC parent firm Bases Conversion and Development Authority (BCDA) said in a statement.
“These lease renewals underscore PPMC’s dedication to fostering strong stakeholder partnerships and ensuring efficient, reliable operations within the Poro Point Freeport Zone,” said PPMC president and chief executive officer Servillano Flores Jr.
“Together with our partners, we are ensuring that Poro Point continues to serve as an indispensable catalyst for trade, industry, and economic growth in Northern Luzon,” Flores added.
For his part, BCDA president and chief executive officer Joshua Bingcang emphasized that maintaining a transparent and well-managed port environment is vital for long-term economic stability and future investment.
“By reinforcing a transparent and well-managed port environment today, we preserve the vital operational conditions required to drive long-term growth and attract future investments to La Union,” Bingcang said.
Continuity is crucial
Mario Serranillo, Chevron’s manager for DM&C Field Operations, Lubricants & International Terminals, reaffirmed the energy firm’s long-term reliance on the port, pointing to a shared interest in maintaining “safe, reliable, responsible, and sustainable operations.”
Petron vice president for procurement Jacqueline Ang noted that Petron’s footprint at the site traces back to the 1960s, a heritage now absorbed into the modern BCDA framework.
“With the BCDA Group taking over the administration of the property, we are very much excited to advance this leasehold partnership, serve the industries in the region, and provide world-class fuel products to the public,” Ang said.
For Shell, the seaport serves as a critical distribution node for a high-priority regional market. Shell Contracts and Maintenance manager Paulo Ocampo noted that the agreement directly guards against energy bottlenecks in the north: “This signing is very important to Shell as it will continue to ensure the stability of fuel supply in the region. La Union, together with the rest of Northern Luzon, is one of Shell’s key markets.”
BCDA said the continued operations of these key locators will sustain local employment, fuel regional industrial growth, and maintain seamless supply chain connectivity across Northern Luzon.
By strengthening key maritime gateways like SFIS, BCDA and PPMC said they are actively enhancing energy security, reducing logistics bottlenecks, and fostering an environment conducive to sustained regional economic growth.
BCDA aims to transform SFIS into a world-class logistics hub with modern port infrastructure and systems. Last July, the Public Private Partnership Center of the Philippines awarded Isla Lipana & Co. (PwC Philippines) the consultancy services contract for the modernization project of the port.
