International Container Terminal Services, Inc. (ICTSI) Mindanao Container Terminal (MCT) handled 64, 914 twenty equivalent units (TEUs) of cargoes in the first seven months of this year, up 3.5 percent from 62, 676 TEUs a year ago.
This shows that MCT, which is located in Tagoloan, Misamis Oriental, is now recovering from the effects of the global financial crisis.
MCT officials attributed the growth to a new direct caller, container shipping line Marianas Express, which made its weekly call to MCT permanent beginning Aug. 29.
He also said the monthly calls of APL’s 210 LOA Hyundai Qingdao also boosted volumes. The vessel is so far the biggest calling at MCT.
MCT keeps its rates steady so as not to jeopardize the positive performance of the port. Del Monte and Nestle are two of its anchor clients.
In anticipation of a rosier 2010, MCTSI is installing additional cargo-handling equipment such as reach stackers at the port.
MCT is designed to accommodate an annual throughput of 270,000 TEUs.
The port handled 109,028 TEUs last year, a more than three-fold increase from the 30,000 TEUs handled annually since it was allowed to service containerized cargo. This, after a local court dismissed a case filed by Oro Port—operator of nearby port Cagayan de Oro—three years ago. Oro Port claimed MCT can only service the needs of its own locators.
MICT has earmarked about P2.46 billion this year, the bulk of which will go to the construction of Berth 6 to allow it to cater to post-panamax vessels. (PNA)