Port Operator at Subic Bay Optimistic in 2018

Manila Bulletin, January 17, 2018 | Go to article overview

Port Operator at Subic Bay Optimistic in 2018


By Bernie Cahiles-Magkilat

Subic Bay International Terminal Corp. (SBITC) is optimistic on its operation as the Subic Bay Freeport Zone becomes more robust this 2018 due to increasing investments and activities in the port area.

Due to recent developments in logistics infrastructure and rapid economic growth, Asia is experiencing a boom in intra-regional trade prompting improvements in various sea ports and maritime routes in the region.

"The Subic Freeport Zone is bustling with activity from various logistics and trading firms and we project growth will continue due to the infrastructure program of the administration," said SBITC president Roberto Locsin.

The National Government has allocated P500 million through the General Appropriations Act to refurbish the piers and wharves in the Subic Bay Freeport zone 4.

SBMA chairperson and administrator, Wilma Eisma, also inked strategic tie-ups with major US ports for Subic's expansion and business plans this 2018.

Port expansion is seen as a priority by SBMA in order to make Subic a global maritime trade player. In response to the growing demands of international trade, the SBMA plans to improve local infrastructures and develop industrial zones while increasing port capacity through national funding.

SBMA has set a target to fully develop the Subic Bay Freeport Zone by 2022.

"Our priority is to make Subic a more open and competitive Freeport in international trade. With additional investment prospects in the works, Subic Bay is moving forward with positive momentum," said Eisma.

Last year, SBITC launched the container freight station (CFS) which is envisioned to serve as a regional distribution center (RDC). …

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