- Subic port now charges 10% more for containerized cargo-handling
- The higher tariff kicked in on September 30, 2021
- This is the second tranche of the 20% rate adjustment granted by the Subic Bay Metropolitan Authority Board to port operator Subic Bay International Terminal Corp. in March 2021
Subic port started charging 10% more for containerized cargo-handling services beginning Sept 30.
The increase is the second tranche of the 20% rate adjustment granted by the Subic Bay Metropolitan Authority (SBMA) Board under Resolution No 21-06-2081 to port operator Subic Bay International Terminal Corp (SBITC). The first tranche was implemented on May 30, 2021.
Here’s a list of Subic port cargo-handling rates effective September 30, 2021.
SBITC earlier petitioned for a 20% rate increase and asked SBMA to match or acquire the Manila and Batangas ports tariff “not present or competitive” in the existing Subic port tariff. The SBMA Board in December 2020 approved the conduct of a public hearing on the proposal.
In June 2021, another resolution was issued to include approval of rationalization of the tariff structure for containerized cargoes by matching or adopting tariff items at the ports of Manila and Batangas not present or competitive in the existing tariff in Subic.
SBITC holds the concession to manage and operate New Container Terminal (NCT) 1 and NCT 2 in Subic port. The port is under the jurisdiction of SBMA.
Containerized cargoes in Subic port increased 14% in the first half of 2021 to 122,862 TEUs from 107,740 TEUs in the same period in 2020.
