THE Subic Bay Metropolitan Authority (SBMA) and its bulk cargo handlers are meeting on Friday to arrive at a solution that will allow Harbour Centre Port Terminals, Inc (HCPTI) to take over operations of the Naval Supply Depot (NSD).

The results of the meeting will determine whether a case will be filed by the cargo handlers against SBMA for entering into a joint agreement with HCPTI over NSD.

The cargo handlers are opposing the agreement, claiming this would ease them out. They also claimed there was no due process in the SBMA-HCPTI deal, and that the latter will monopolize operations in Subic port.

Last month, SBMA accepted the unsolicited offer of HCPTI to operate the NSD for 25 years. Cargo-handling operations at the facility—comprising the Marine Terminal as well as the Boton, Alava and Bravo piers—are handled by at least 13 firms, including Amerasia and Mega-Subic.

If no other offer to operate the NSD is received in 30 days, the contract with HCPTI will be finalized.

Under the terms of the agreement, HCPTI will pay SBMA a fee of $500,000 for the first year of operation with a provision for a gradual increase to $600,000 for the second year until the amount reaches $1.5 million a year for the 25th year.

You May Also Like

ICTSI’s Laguna ICT expands facilities

The first phase of the Laguna Gateway Inland Container Terminal (LGICT), the dry port of International Container Terminal Services, Inc. (ICTSI) in Laguna, is…

Cebu Pacific to start daily Manila-Sydney flights in Dec

Cebu Pacific will start daily flights between Manila and Sydney beginning December 1, 2017 due to high demand for frequent trips to the key…

Formation of multisectoral group in PH eyed to press for lower shipping rates

The convening of a big group of domestic shipping lines, stakeholders, and consumers is being eyed to push the Philippine government to address the…

PH stakeholders hail signing of Co-loading Act

Private and public stakeholders expressed support for the newly signed Foreign Ships Co-loading Act, saying the new law will promote healthy competition, more competitive…