Tuesday, October 26, 2021
HomeBreaking News10% hike in Subic cargo-handling rate starts Sept 30

10% hike in Subic cargo-handling rate starts Sept 30

  • Subic port will charge 10% more for containerized cargo-handling from 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
  • The SBMA Board also approved rationalization of the tariff structure for containerized cargoes

The containerized cargo-handling tariff at Subic port will be 10% higher beginning September 30, 2021.

The increase is the second tranche of the 20% rate adjustment granted by the Subic Bay Metropolitan Authority (SBMA) Board to port operator Subic Bay International Terminal Corp. (SBITC) in March 2021. The first tranche was implemented on May 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.

The new tariff is as follows:

  • Equipment interchange receipt and weight ticket re-printing – P300 per copy
  • Pre-advice fee – P300 per request
  • Storing of dangerous goods cargoes at the dangerous cargo area (DCA) – P4,678 per twenty-foot equivalent unit
  • DCA (non-palletized) – P321 per revenue ton (RT)
  • DCA (palletized) – P246 per RT

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. – Roumina Pablo

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