Subic Port revenues up 14%

SUBIC BAY FREEPORT — The Subic Bay Metropolitan Authority revealed that port revenues has increased in the third quarter of 2022, recording P1,146,055,192.99 from January to September of this year — up by 14 percent compared to the same period last year.

SBMA chairman and administrator Rolen Paulino, the current port revenue of P1,146,055,192.99 has an increase of P145,125,932.14 from the previous year’s P1,000,929,260.85.

“The record increase of port revenue this year compared to last year shows that the port sector of the Subic Bay Freeport is thriving, so expect more ship calls here,” Paulino said.

“During the same period, the SBMA received 1,810 ship calls this year up until September, an increase of 350 ships or 24 percent from the same period last year of 1,460 ship calls,” he added. “Of the 1,810 ship calls, 1,087 of them were foreign ship calls. The recorded 1,087 foreign ship calls has an increase of 18 percent from last year’s 921 foreign ship calls.”

The official also cited that part of the total ship calls were 723 domestic ship calls, adding that there was an increase of 184 domestic ship calls or an increment of 34 percent from last year, which recorded only 539.

The Port of Subic has also recorded an increase in Gross Registered Tonnage by 30 percent, recording 22,852,265GT for the period of January to September this year, an increase of 5,328,361GT from last year’s same period of 17,523,904GT.

Senior Deputy Administrator for Operation Ronnie Yambao cited that the increase of Gross Registered Tonnage is due to the increase of gross tonnage from foreign vessels, recording 22,240,369GT for the aforementioned period. He added that this is higher by 31 percent or 5,205,914GT from last year’s 17,034,455GT.

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