November 24, 2017, 5:02 pm
Facebook iconTwitter iconYouTube iconGoogle+ icon

ATI net up on strong int’l cargo volume

Asian Terminals Inc. (ATI) reported a 24-percent growth in profit in the first nine months of the year on the back of robust container volume handled by its international gateway ports in Manila and Batangas.

In a statement, ATI said net income stood at P1.77 billion for the first nine months of the year higher than the P1.43 billion registered in the same period in 2016.

ATI’s total revenues for the period totaled P7.72 billion, up 13.7 percent from P6.80 billion in the same period in 2016. “ATI is ready and has the capacity for future volume growth. 

Investment in infrastructure, equipment and technology is continuous to sustain efficiencies at both Manila and Batangas ports in support of the country’s supply chain,” said Andrew Hoad, ATI executive vice president.

From January to September, Manila South Harbor handled over 820,000 TEUs (twenty foot equivalent units) of foreign boxes, setting it on track of a back-to-back 1,000,000-TEU annual throughput performance, after achieving a record year in 2016.

In 2016, MSH achieved a record milestone handling over one million TEUs for the first time which triggered a concession clause for more equipment deployment and port development. In line with this, MSH will take delivery of two more quay cranes during the 1st quarter of 2018, with additional pier length development through 2019.

Its outstanding operational performance last year has led ATI to win the 2016 Best Terminal Award in Asia Pacific from its foreign shareholder partner DP World. ATI outperformed 9 other DP World-affiliated terminals located throughout China, Korea and Southeast Asia.

Batangas Container Terminal (BCT) continued to step up its role as South Luzon’s international trade facilitator, offering competitive market connectivity to major shippers in the region and effectively decongesting Manila’s roads.

BCT handled just short of 150,000 TEUs by end-September, bringing it close to its 2016 full year container throughput of nearly 160,000 TEUs with still a quarter to go.

BCT has over 350 reefer plugs, with generator sets on standby, to support containerized frozen commodities.

In support of future growth, ATI has begun plans of expanding BCT, starting with the extension of its crane rails and yard. This will be followed by the deployment of two more quay cranes (QC) and four additional rubber-tired gantry (RTG) cranes, to bring its QC and RTG fleet to 4 and 8, respectively. BCT’s first expansion phase will bring its annual capacity to over 450,000 teus from over 300,000 teus.
Rating: 
No votes yet

Column of the Day

Climate Change Consciousness Week

By DAHLI ASPILLERA | November 24,2017
‘Sen. Legarda stresses urgency for the Philippines to be climate-smart.’

Opinion of the Day

I had a dream

By JOSE BAYANI BAYLON | November 24, 2017
‘If this were not a dream, what would have been the Secretary’s take from it all?’