NEWS AROUND SUBIC BAY

ICTSI Subic hits 200,000-TEU target

Posted 3 years ago

International Container Terminal Services, Inc. (ICTSI)’s subsidiary Subic Bay International Terminal Corp. (SBITC) has expected that container volume will further grow this year, after hitting its milestone 200,000th twenty-foot equivalent unit (TEU) move last December.

ICTSI Subic hits milestone 200,000th TEU move

The event was marked by the offloading of a milestone CMA CGM steel box from MV Sinar Sangir.

SBITC President Roberto Locsin said SBITC, which operates the New Container Terminals 1 and 2 at the Subic Bay Freeport, capped 2018 with a milestone after reaching its 200,000th TEU move last December 23.

“We are proud of reaching this latest milestone. More than hitting our targets, this new record highlights Subic Bay International Terminal’s capability to continuously outpace market growth, and readiness to serve the vibrant Subic Freeport market,” he said.

The event was marked by the offloading of a milestone CMA CGM steel box from MV Sinar Sangir.

He said this achievement was made possible through their customers, the collaboration of the Subic Bay Metropolitan Authority (SBMA) and other stakeholders, and more especially through their passionate, humble and committed workforce.

“Along with further investments in port equipment and systems, we continue to work hand-in-hand with our customers to improve the efficiency of our operations and processes, and inevitably make their experience a more pleasant one,” he added.

Subic Bay International Terminal, one of the country’s most technologically-advanced box terminals, has an annual capacity of 600,000 TEUs.

The increasing volumes at the Subic Bay Freeport have enabled ICTSI to streamline and interface the operations of New Container Terminal (NCT) 1 and 2.

The merged operations were ready to serve an improving local economy in Central and Northern Luzon regions, alongside with its continued support to facilitate the box market of Metro Manila.

In 2007, under the Subic Port Development Project, the Subic Bay Metropolitan Authority (SBMA) awarded ICTSI subsidiary SBITC the concession for NCT 1, with commercial operations commencing in 2008.

In 2011, under the Subic Port Project’s second phase, SBMA awarded ICTSI Subic Inc. the concession to operate NCT 2.

Source: manilatimes.net

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