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The Subic Bay Metropolitan Authority generated P389 million in revenues from port operations during the first quarter of 2026, a 20% increase from the P324 million posted in the same period last year
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Of the total, P302 million was generated by the Seaport Department, P50 million was by the Airport Department, and P36 million by the Trade Facilitation and Compliance Department
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Containerized cargo volume increased 3%, driven mainly by a 5% growth in imports and 31% higher exports
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Non-containerized cargo volume also posted a 30% increase, mainly driven by bulk and break-bulk cargoes, which rose by 47%
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Shipcalls grew 20% to 463 foreign and domestic vessels
The Subic Bay Metropolitan Authority (SBMA) generated P389 million in revenues from port operations during the first quarter of 2026, a 20% increase from the P324 million posted in the same period last year.
Of the total, P302 million was generated by the Seaport Department, P50 million was by the Airport Department, and P36 million by the Trade Facilitation and Compliance Department, SBMA said in a statement.
SBMA senior deputy administrator for port operations Ronnie Yambao said the Seaport Department’s first quarter revenue was from higher vessel and cargo charges, which increased by 31%, while the number of ship calls also increased by 20%.
The Port of Subic recorded a total of 463 ship calls by foreign and domestic vessels in the first quarter, 171 of which were bulk and break-bulk vessels, up 29% year-on-year. Port calls of liquid bulk vessels also grew 18% to 159.
“Consequently, revenues from SBMA’s share in Pilotage Services also increased by 20 percent, while Tugboat Services posted a significant 75 percent growth,” Yambao said.
Revenues from wharfage fees also escalated by 24% with an increase in total volume of containerized cargo by 3%. This was driven mainly by a 5% growth in imports, equivalent to 28,070 twenty-foot equivalent units (TEUs). Major contributors to the improvement in imports included assorted food products from Ecossential Foods Corp., and rubber products from Yokohama Tires Philippines Inc.
Export cargoes likewise grew by 31%, reaching 15,757 TEUs, primarily contributed by DSV Air and Sea Inc., and Yokohama Tires Philippines.
Non-containerized cargo volume also posted a 30% increase, mainly driven by bulk and break-bulk cargoes, which rose by 47%. Key commodities contributing to this growth included rice (up by 331%), corn (up by 571%), soybeans (up by 15%), wheat (up by 16%), and liquid bulk petroleum products (up by 11%).
READ: SBMA collects P1.77B port revenue in 2025
Yambao added that revenues from SBMA’s share in cargo-handling services grew 22%, largely from Amerasia International Terminal Services Inc., Mega Subic Terminal Services Inc., and Subic Bay Freeport Grain Terminal Services Inc.
SBMA chairman and administrator Eduardo Jose Aliño earlier said they remain committed to continued investments in port modernization, digitalization, and sustainability initiatives.
“Our vision is to sustain this momentum and position Subic Bay as a leading port in Southeast Asia, enhancing national economic development and global trade connectivity,” he said.
