MANILA, JUNE 13, 2017—The Philippine Ports Authority (PPA) posted encouraging revenue figures in the first quarter, a month after revising down its growth forecast for 2017.
Latest data from PPA showed that net income went up 23% to P2.3 billion for the period compared to the P1.93 billion registered in the same period last year. The figure is also higher by 32.84% against the target of P1.78 billion.
MANILA, MAY 11, 2017—To be at par with international maritime stakeholders and to reduce the carbon footprints from ports, the Philippine Ports Authority (PPA) is pursuing the use of renewable energy in all its controlled ports nationwide.
The “Green Port” project is in accordance with the 25-year port development roadmap adopted by Philippine port stakeholders in a summit held in April this year, which will be submitted to the President later this year.
MANILA, MAY 9, 2017—Philippine cargo volume sustained its growth but on a slower pace for the first quarter of 2017 due to the significant drop in the export volume.
The critical developments clouting the mining industry has also affected the industry’s shipments in several ports nationwide.
Latest data from the Philippine Ports Authority (PPA) showed that cargo volume for the first quarter of the year totaled 54.298 million metric tons (mmt) or about 4.15% higher than the 52.133 mmt handled in the same period last year.
MANILA, APRIL 26, 2017—The Philippine Ports Authority (PPA) guarantees sufficient port capacity in the ports of Manila despite possible disruptions brought about by strict security measures for the Asean Summit.
Nonetheless, the PPA is urging cargo owners and consignees to maximize import deliveries for the entire duration of the summit to reduce the commercial impact of the stringent security procedures in their day-to-day operations.
MANILA, APRIL 10, 2017—The Philippine Ports Authority (PPA) has tightened the security noose in all its ports as it expects a very busy summer.
PPA, over the weekend, has directed all its port managers to mobilize its emergency response teams as well as all its security and safety personnel to ensure smooth operations in all PPA-controlled ports.
The Authority has also deployed 32 brand new baggage and walk-thru metal scanners in key ports to facilitate the movement of baggages and passengers as it anticipates volume to double its numbers compared to last year.
MARCH 28, 2017, MANILA—The Port of Manila jumps two notches higher to number 36 in the raking of the top 100 Container Ports, according to a report released by Lloyd’s List and Containerization International for 2016.
The report showed that the Philippines was able to increase their ranking after the country was shielded from the slowdown in China that has hurt other emerging nations in 2015, as government stepped up efforts to unlock bottlenects in state spending and entice investment.
MARCH 24, 2017, MANILA—The Philippine Ports Authority (PPA) announced that Philippine Ro-Ro ports are now more than capable to handle the special requirements of transporting classic, vintage and sophisticated vehicle.
In 2003, the government issued a policy to promote Ro-Ro, a system designed to carry rolling stock cargo that does not require cranes for loading or unloading.
MARCH 21, 2017, MANILA—The Philippine Ports Authority (PPA) is overhauling its growth forecast for this year despite registering a banner year in 2016.
The state-owned corporation now anticipates growth to be nominal this year from the previous year’s exponential growth due to vital developments over the past two months.
PPA General Manager Jay Daniel Santiago explained that the tapered expectation is attributable to the continuing volatility of the Philippine currency as well as the expected drop in the operation of the mining industry in the Philippines.
FEBRUARY 27, 2017, MANILA—The Philippine Ports Authority (PPA) posted a P6.159 billion net profit for calendar year 2016, beating the target by 165% or P3.836 billion.
PPA was able to achieve the feat with the strong figures coming from lay-up fees, Ro-Ro fees, berthing fees and remittances from Asian Terminals, Inc.
Compared to the year-ago level, the 2016 figure is 8% better against the P5.705 billion registered in 2015.
FEBRUARY 8, 2017, MANILA—Philippine exports sustained its strong performance in 2016, propelling the country’s cargo volume higher by 12% compared to its year-ago level.
Export cargoes comprise 49% of the total cargo volume handled by the different ports nationwide. It increased by 23% for the entire 2016 period from 60.855 million metric tons (mmt) to 74.822 mmt registered a year earlier.
Import volume, on the other hand, contributed 51% to the total after posting a 4% increase to 76.781 mmt from 73.765 mmt in 2015.