SUBIC BAY FREEPORT—The Subic Bay Metropolitan Authority (SBMA) on Friday (May 14) reported a rise in cargo volume in the first quarter of 2021 despite fewer ships docking at the free port.
SBMA said export and import transactions were up during the period.
Only 313 foreign ships visited the free port from January to March 2021, compared to 355 in the first quarter of 2020, reflecting a decline of 12 percent, said Jerome Martinez, SBMA seaport department manager.
He said only 157 domestic ships arrived in the same period, compared to 233 in 2020, or a 33-percent decline that was attributed to trade restrictions brought about by the pa…
Keep on reading: Subic free port revenue from cargo up despite fall in ship arrivals