Tuesday , 16 July 2019
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ICTSI Manila yard use hits historical low

International Container Terminal Services, Inc. (ICTSI)’s flagship Manila International Container Terminal (MICT) recorded historically low yard utilisation levels, dropping below 58% despite a series of holiday periods and low trucking activity.

Last March, private sector partners and the government signed a manifesto calling for the efficient utilisation of container terminals.

MICT achieved a 20% drop from 90% in January to a 70% utilisation rate in January even though it recorded its all-time highest throughput over a four month period.

Christian Gonzales, ICTSI global corporate head, said: “The significant efforts in which both the private sector and the Bureau of Customs to release longer-staying imports at the terminal has resulted in lower overall container dwell times allowing us to efficiently utilise the ample capacity to accelerate volume growth.”

The Port of Manila dealt with high utilisation rates at the end of last year due to the longstanding problem of overstaying imports coupled with a lack of external empty container capacity.

This was made worse by weather-related vessel delays, holiday peak season and the import-export imbalance.

In March, Subic Bay International Container Terminal (SBITC) opened a new container depot as part of the collective effort to improve the circulation of empty containers.