This year’s volume growth forecast for the Mindanao Container Terminal (MCT) in southern Philippines has been cut due to slow economic activity, particularly from the woodcraft sector.
Dante Clarito seaport department manager at Phividec Industrial Authority, which oversees the MCT, said, “We still do not have the new growth percentage but we are only looking at a very slight increase from our 2011 volume unless the global economy picks up drastically this year.”
The earlier projection was 15-20% more than the 210,507 twenty-foot equivalent units (TEUs) handled in 2011. Lat year’s figure is a 17% improvement over the 180,000 TEUs posted by the port in 2010.
Clarito told PortCalls cargo volume dipped toward the latter part of last year.
Located in Tagoloan, Misamis Oriental, MCT is operated by Mindanao Container Terminal Services, Inc, a subsidiary of International Container Terminal Services, Inc.
Photo courtesy of http://www.ictsi.com/gallery.
