The Phividec Industrial Authority (PIA) expects sustained operations of its Mindanao Container Terminal (MCT).
Cargo volume at MCT, now operated by International Container Terminal Services, Inc subsidiary Mindanao Container Terminal Services Inc since June 2008, has not been severely affected by the global crisis, according to PIA port department manager Dante Clarito.
Anchor clients Del Monte Philippines and Nestle continue to do fairly well, resulting in good volumes for the port, he said.
“Manufacturing firms within the region led by Del Monte and Nestle have maintained their business from last year and even strengthened it, effectively compensating for our losses from smaller clients,” Clarito explained.
“We expect to maintain current business conditions and even post modest growth this year despite the crisis.”
For January to March 2009, MCT handled 24,840 twenty-foot equivalent units (TEUs), up 14% from 21,819 TEUs in the same period last year.
For the entire 2008, MCT serviced 109,028 TEUs, an almost three-fold increase from the 30,000 TEUs it handled annually. This after the port began servicing container cargo following a court battle questioning whether it should do so.
Located in Tagoloan, Misamis Oriental, MCT is designed to accommodate an annual throughput of 270,000 TEUs.