June 24, 2017, 8:12 am
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PPA reports 6% hike in cargo handled

The Philippine Ports Authority (PPA) reported the country’s cargo throughput grew six percent to 198.441 million metric tons (mmt) from January to October 2016 compared to the 187.209 mmt handled in the same period in 2015, driven by strong imports.

PPA said the sector remained strong given high demand for imported consumer products including Christmas goods and foodstuff.

Foreign cargo, composed of import and export shipments, totaled 124.581 mmt, up 8.58 percent from 114.732 mmt a year earlier, wherein import volume registered a 13.31 percent increase while exports rose 3.24 percent.

Domestic cargoes, on the other hand, inched up modestly by 1.91 percent to 73.859 mmt from 72.476 mmt handled in 2015.

Container traffic, meanwhile, rose 8.46 percent to 5.182 million twenty-foot equivalent units (TEUs) for the period compared to the 4.778 million TEUs processed in the same period of 2015.

Foreign boxes posted an 11.06 percent hike in volume to 3.173 million TEUs from 2.857 million TEUs,with foreign containers contributing 1.607 million TEUs or 13.13 percent up from the prior year, while export boxes totaled 1.566 million TEUs or 9.02 percent higher than the 1.436 million TEUs handled in the 10-month period in 2015.

Domestic containerized traffic also climbed 4.6 percent to 2.009 million TEUs from 1.920 million TEUs in 2015.

Among the ports that registered positive deviation were North Harbor, South Harbor, Bataan/Aurora, Agusan, Surigao and Zamboanga as well as Batangas, Limay, Cagayan de Oro and Pulupandan.

As expected, the Manila International Container Terminal handled the largest volume of containerized cargo for the period in review at 1.786 million TEUs, followed by South Harbor with 866,674 TEUs and Batangas with 127,160 TEUs. 
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