Home » Maritime » P684-M shipping investment in PH gets perks

Aviva Shipping will acquire landing craft tank vessels to transport mineral products from mining companies in Surigao, in the island grouping of Mindanao.

A P683.9-million investment to be made by Aviva Shipping Corp will receive incentives from the Philippine Board of Investment (BOI).

A joint venture between Aviva Pacific Marine Corp and another BOI-registered company Carrascal Nickel Corp, Aviva Shipping will operate landing craft transport vessels in Surigao, in the island grouping of Mindanao.

Aviva will acquire six landing craft tank vessels for use in shallow waters and roll-on roll-off cargo operations. The vessels will have a combined cargo capacity of 14,645 deadweight tons and 9,552 gross tonnage. They will be used to facilitate transport of mineral products from mining companies operating in Surigao.

According to BOI, the new investment is expected to boost the country’s transportation industry as well as make the country more competitive in the domestic supply chain.

As of June 2011, there were 11,942 merchant vessels operating in the country with a combined gross registered tonnage of over 2 million, according to the Philippine Maritime Industry Authority.

General cargo/cargo ship containers accounted for 1,470 vessels or 12.31% in terms of number of vessels and 38% in total gross register tonnage.

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