MISAMIS ORIENTAL | Ports and Shipping

[michael_ray]

source: www.himantayon-cagayan.info

[michael_ray]

Flashback: Mindanao International Container Terminal



source: www.ictsi.com

[michael_ray]

BALINGOAN PORT, THE GATEWAY TO CAMIGUIN

image hosted on flickr


SOURCE: http://www.walkflypinoy.com

[michael_ray]

ORO PORT



SOURCE: www.cdodev.com

[michael_ray]

[BunDagul]

photo by MM17....

[scarletwitch.wanda]

[BunDagul]

Photos by Tau'ma Udasco

[cemby]

Originally Posted by michael_ray

BALINGOAN PORT, THE GATEWAY TO CAMIGUIN

image hosted on flickr


SOURCE: http://www.walkflypinoy.com

Nice shot of The Port and Camiguin.. I miss this place...

[rage@cebu]

Countries covered: Philippines

External demand from the US, Japan, China and the eurozone is key to the performance of thePhilippines' shipping sector over the mid term and although Q112 marked the first time that net exportscontributed more than 1pp to headline growth since Q310, it must also be noted that we continue toexpect exports to post only a modest expansion of 2.2% in 2012 as external demand continues to weaken.BMI believes that recent weakness in imports may be a leading indicator of weakening export demand, asPhilippine firms import less intermediate goods in anticipation of souring demand among their mainforeign markets.

That said, the country's main ports are still expected to record steady growth this year, with the Port ofCagayan de Oro leading the way with forecast year-on-year (y-o-y) gains of 7.36% in 2012. Although thecountry's main port, the Manila International Container Terminal (MICT), has seen its growth forecastscut due to global economic headwinds, we still predict that the port will enjoy y-o-y container throughputgrowth of 6.90%.

Headline Industry Data

2012 tonnage throughput at MICT forecast to grow 2.40% to 19.15mn tonnes.

2012 tonnage throughput at the Port of Cebu forecast to increase 4.43% to 26.50mn tonnes.

2012 tonnage throughput at the Port of Davao forecast to rise by 4.82% to 11.70mn tonnes.

2012 tonnage throughput at the Port of Cagayan de Oro forecast to increase 7.36% to7.08mn tonnes.

The real value of Philippines' total trade will rise by 3.85% this year, with exports totallingUS$71.35bn, ahead of imports at US$85.49bn.

Key Industry Trends

President Inaugurates Berth 6 At MICT

Berth 6 at the Port of Manila's MICT was inaugurated by Philippine president Benigno Aquino in July.The berth was developed by MICT's parent company – International Container Terminal Services(ICTSI) – at a cost of US$200mn and the expansion is aimed at increasing the handling capacity of theterminal from the present 1.9mn twenty-foot equivalent units (TEUs) to 2.5mn TEUs to meet growingdemand.

PPA Approves 15% Hike In Tariffs

Asian Terminals (ATI) announced that the Philippine Ports Authority (PPA) sanctioned a 15% increasein tariffs for international containerised and non-containerised cargo handled at two of Manila's harboursat the end of June. ATI operates the container port in South Harbour and International Container TerminalServices operates at MICT. ATI added that the tariff would be raised in two tranches, with the first rise of8% to become effective on July 16.

Philippines Puts Onus On Dredging

Dredging work has been ongoing at various locations in the Philippines, such as the Iloilo River, which isdesigned to support growing industries, according to PPA manager, Winfred G Elizalde. 'We expect agreat impact [from] these projects to our economy because the vessels will be able to dock with ease andconvenience, and the cargo owners likewise will have a bigger place where they could store theircargoes,' he said.

Key Risks To Outlook

The spectre of overcapacity is never far away as a potential risk to the downside; the Philippines shippingsector is no different in this regard. The increased use of mega vessels on this route will ensure thatovercapacity remains a problem over the medium term. Continued investment is the key to keeping thesefears at bay, as carriers look at alternative options, such as cascading larger vessels onto otherroutes. Rising bunker prices also represent a test both this year and going forward.

Aside from this, slowing demand is posing a major threat to freight rates. A recession in the eurozone,coupled with the sluggish economic recovery in the US, will continue to place downward pressure onrates as trade slows, and we believe that this could lead to another year where a peak season – and byextension a peak season surcharge (PSS) – fails to materialise

[Togak]

Originally Posted by BunDagul

Photos by Tau'ma Udasco

Transformers??

[tripod1989]

Guys!! gusto ko lang mahibaw-an kung unsa nay Update sa Port Modernization sa Cagayan de Oro,, Ato pa ning 2011 pa nga gi-proposed ni Cong. Rufus Rodriguez.. Ingun kay bu 1st Quarter mahuman nani sa 2013. But unsa nata karun?.. Unsa na may development ani...

[tripod1989]

tsada bya kaayo siya pero wla lang natagae ug pansin na ug murag nalimtan naman tingali ni....