Thursday, August 5, 2021

Cargo volumes to and from Subic port register surprise increase

May 15, 2021 @ 13:17
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The Port of Subic saw an unexpected increase in containerized cargo volumes from export and import transactions in the first quarter of 2021 despite fewer ship calls due to Covid-19-caused trade restrictions.

According to a Punto Central Luzon report, Subic Bay Metropolitan Authority’s seaport department manager Jerome Martinez reported a 10 percent increase in containerized cargo volume, including import, export, transshipment, local empty in/out, and load-unload transactions.

The increase was unexpected because only 313 foreign ships visited Subic from January to March this year, compared to 355 in the first quarter of 2020.

Also, only 157 domestic ships arrived in the same period, compared to 233 in 2020
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Martinez said the importation of raw materials from foreign countries, and the exportation of finished products like tires and veneer lumber to Japan largely helped increase Subic’s container cargo volume.

On the other hand, non-containerized or bulk cargo suffered a 23 percent decrease in volume this year.

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