Revenues from the Subic Freeport rose 14 percent to P1.15 billion in the first three quarters of 2022 from P1.1 billion in the same period in 2021, the Subic Bay Metropolitan Authority (SBMA) said in a statement.
SBMA said revenues collected from the first nine months of the year have reached 81 percent of the 2022 revenue forecast of P1.4 billion.
“We are expecting more ship calls as we gradually ease out from the effects and restrictions of the pandemic,” said RolenPaulino, chairman and administrator of SBMA.
Paulinosaid the outlook for the Port of Subic is gaining momentum, and would likely surpass last year’s records.
“The hit rate for our key performance indicators are around 90 percent,” he said.
Seaport revenues were derived from vessel charges, cargo charges, processing fee, SBMA share, lease/rental of facilities, and other charges.
SBMA said Subic port received 1,810 ship calls during the period, an increase of 350 ships or 24 percent from the same period last year of 1,460 ship calls.
Of the 1,810 ship calls, 1,087 were foreign ship calls which is an increase of 18 percent from last year’s 921 foreign ship calls.
The 723 domestic ship calls represented an increase of 184 domestic ship calls or an increment of 34 percent from last year, which recorded only 539.
The report also indicated the Port of Subic has also recorded a 30 percent increase in gross registered tonnage to 22.85 million GT from last year’s same period of 17.52 million GT.
SBMA attributed the improvement to the increase in foreign vessels, recording 22.24 million, higher by 31 percent from last year’s 17.03 million GT.
SBMA also reported an increase in gross registered tonnage from the 611,896 GT derived from domestic vessels that came into Subic Freeport. This figure is higher by 25 percent or 122,447 GT than last year’s 489,449 GT.
The port recorded an increase in non-containerized cargo volumer with 5,536.171 MT as compared to last year’s 4,863,697 MT. A 14 percent increase was registered, recording a difference of 672,474 MT.
The number of containers that utilized the Port of Subic were 190,168 twenty-footer equivalent units.
