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Bay Metropolitan Authority News

28 Jul 2021

Philippine Creditors Set to Sell Debt-laden Shipyard

Credit: HHIC Phil (File Photo)

Philippine creditors are close to selling a strategically located but debt-laden shipyard north of the capital Manila, government officials said on Tuesday, with a North American company cited as being an investor in the deal.Hanjin Philippines, a unit of South Korea's Hanjin Heavy Industries & Construction Co Ltd, in 2019 defaulted on $1.3 billion in loans, of which $900 million is owed to South Korean banks and the rest to five Philippine lenders.Talks with investors were almost complete…

14 Nov 2016

ICTSI Opens CFS in Central Luzon

Subic Bay International Terminal Corporation (SBITC) recently opened its Dock Container Freight Station (CFS) at the New Container Terminal 2 (NCT 2) of the Subic Bay Freeport in Zambales. Inaugurated last 7 November, the CFS is the first and only facility of its kind to serve the Central Luzon Market. Roberto Locsin, SBITC General Manager, led the ribbon-cutting and welcomed partners from Subic Bay Metropolitan Authority, Bureau of Customs, and ECU Worldwide. “For the past two years, we have been working to improve our services here in Subic to attract more clients. We have the strategic location, manpower and infrastructure to sustain the market in Manila and the growing trade Central Luzon. With the completion of the CFS, SBITC adds more value to the services we offer,” said Mr. Locsin.

02 Oct 2015

Subic Port Container Volumes Double

The Subic Bay Metropolitan Authority (SBMA) said that the volume of container cargo handled the Port of Subic between January and August nearly doubled year on year. SBMA Chairman Roberto V. Garcia said container volume at the Port of Subic has already reached 83,000 twenty-foot equivalent units, up 93 percent of 43,000 TEUs for the same period in 2014. Subic’s free port can help divert marine traffic from the congestion in Manila because it is set up as “one-stop shop”, he said. He said efforts by the agency and partner locators to ensure ease in cargo processing at the Port of Subic, as well as other marketing initiatives, contributed to the rise in container volume here.

29 Sep 2015

ICTSI Subic Gets More Equipment

Subic Bay International Container Terminal Corp. (SBITC) recently received and commissioned three new reach stackers and 16 new Kalmar Ottawa terminal tractors. The additional capacity has increased the terminal tractor fleet to 23 units or 128 percent. The reach stacker fleet, meanwhile, increased by 100 percent. Each terminal tractor is equipped with a vehicle mounted terminal that communicates directly with the terminal operating system, Navis. This results in a state of the art network of signals that allow all equipment to handle containers with pinpoint accuracy. Roberto Locsin, SBITC General Manager, says:  “The new equipment…

01 May 2015

ICTSI Subic unit shop Reduces Port Users Time

International Container Terminal Services, Inc.’s (ICTSI) Subic Bay Freeport unit, Subic Bay International Terminal Corp. (SBITC), in partnership with the Subic Bay Metropolitan Authority (SBMA) and the Bureau of Customs (BOC), recently opened a one stop shop (OSS) to fast track documentary transactions in Subic Bay’s container terminals. Cabinet Secretary Rene Almendras led the launching of the OSS together with SBMA chairman and administrator Roberto Garcia and SBITC general manager Roberto Locsin. Located inside the New Container Terminal 1, the OSS is next to the administration offices of SBITC and several satellite offices of shipping lines. With the OSS, port users can expect shorter document and cargo processing times as SBITC, BOC and SBMA are housed in one location.

19 Apr 2007

Hanjin Starts Building Container Ship

Hanjin Heavy Industries, Corp-Philippines, Inc. (HHIC-PI), switched on the steel plate cutting machine that signaled the start of its production. The first steel cutting ceremony was held at the newly-built HHIC-PI shipyard at the Redondo Peninsula. The HHIC-PI constructed the shipyard complex inside the 480-hectare land area in the peninsula with a committed investment of $ 1 billion and is expected to create around 30,000 jobs. Already lined-up for production are six units of 4,300-TEU container ships to be delivered to Diorxy Maritime Corp. in Greece in 2009. The second production line will be comprised of six units of 4,300-TEU ships intended for NSC Schiffartsgeselhaft of Germany.

08 Jan 2007

Shipbuilding Facility to Rise in Subic Zone

According to reports, a modern domestic shipbuilding facility will soon rise in this premier Freeport zone. Subic Bay Metropolitan Authority chairman Feliciano Salonga, in a meeting with National Maritime Leasing Corp. president Agustin Bengzon, said the facility would create a synergy aimed at supplying the needs of the domestic shipping industry. Salonga said the partnership and mutual cooperation of SBMA and National Maritime Leasing, a subsidiary of National Development Co., would focus on the acquisition of affordable but more efficient cargo and passenger ships by local shipping operators. Shipbuilding has been included in the government’s Investment Priority Plan.

29 Sep 2006

Arroyo Inspects Shipbuilding Facility

Philippine President Gloria Macapagal-Arroyo inspected the ongoing construction in Subic Bay, Zambales of the biggest shipbuilding facility in Asia. The President arrived at and inspected the construction works at the Hanjin Heavy Industries and Construction Company (HHIC) shipyard located in Agusuhin, Redondo Peninsula, about 45 minutes by ferry from the Subic Bay Freeport. Among those who welcomed the President were HHIC chairman Cho Nam Ho, HHIC president Lee kang Rok, HHIC-Philippines president Jeong Sup Shim, Zambales Governor Vic Magsaysay, Bataan Governor Enrique Garcia, Pampanga Governor Mark Lapid, Olongapo City Mayor James Gordon Jr., Subic Mayor Jeffrey Khonghun, and Korean Ambassador Jong Ki Hong.

22 Oct 1999

Ship's Fire Drill Sparks Massive Search

A fire drill by a ship triggered a massive search operation off the Philippine coast near Subic port last week to locate what was believed to be a burning vessel with more than 200 passengers on board, officials said. Several rescue vessels, helicopters and planes were dispatched after an official at Subic heard a distress message and thought there was a genuine emergency, said Coast Guard Operations chief Commander Efren Sabas. Subic port officials earlier told reporters the MV Palawan Princess was on fire some seven nautical miles south of Subic Bay, according to coordinates they received from the distress call. Most of the passengers were rescued, they said later. "It was a drill by the Palawan Princess while tied at the pier in Manila," said Sabas.

31 Oct 2005

Korean Firm Reportedly Eyes $1B Facility

A Korean shipbuilding company is intent on investing $1-billion shipbuilding facility in Subic that is expected to transform the country’s premier Freeport into one of the world’s fourth biggest shipbuilding facility, according to a report in The Manilla Bulletin Online – www.mb.com.ph.Subic Bay Metropolitan Authority (SBMA) administrator and CEO Armand C. Arreza refused to divulge the identity of the Korean firm but said the signing of the investment agreement is expected to be done during the state visit of Korean president in December this year. The Korean firm reportedly has proposed to manufacture 8,000 TEU post Panama vessels and is expected to employ 20,000 workers.