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The Philippine Ports Authority (PPA) has approved a 10% increase in cargo-handling tariff at Manila South Harbor and Manila International Container Terminal
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The increase will be implemented in two tranches under PPA Memorandum Circular No. 12-2021
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The first 2% hike will be implemented 30 days after PPA MC 12-2021 is published in a newspaper
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The remaining 8% will be implemented after a review by the PPA Board six months following implementation of the initial increase
The Philippine Ports Authority (PPA) has approved a 10% increase in vessel and cargo-handling charges on international containerized and non-containerized cargoes handled at the Manila South Harbor and Manila International Container Terminal (MICT).
Port operator International Container Terminal Services, Inc. (ICTSI) in a regulatory disclosure said it received on July 6 a copy of PPA Memorandum Circular (MC) No. 12-2021, which prescribes the upward adjustment as approved by the PPA Board.
According to MC 12-2021, dated July 5, the tariff increase will be implemented in two tranches.
The first 2% will be implemented 30 days after PPA MC 12-2021 is published in a newspaper of general circulation.
The remaining 8% will be implemented after a review and consideration by the PPA Board six months following implementation of the initial increase.
ICTSI and Asian Terminals Inc. (ATI) earlier proposed an increase in cargo-handling tariff. ATI sought an 11% raise for Manila South Harbor, while ICTSI asked for a 10% increase in cargo-handling tariff, excluding transshipment and new tariff items in 2021, for MICT.
The last cargo-handling tariff rate adjustment for the two ports was in 2018 when PPA granted a 7% rate increase.
Their latest petitions were subjected to a virtual public hearing last April 8, where stakeholders opposed the proposal, citing its adverse effect on the cost of doing business.
READ: ATI, ICTSI seek cargo handling rate hikes, meet opposition
Last year, PPA also approved the prescribed fees for the handling of foreign empty containers and storage of out-of-gauge cargoes at Manila South Harbor, MICT, and Batangas port. Both fees took effect in January of this year. – Roumina Pablo
Updated July 8, 4pm, to include date of memo circular.
