Manila: The Subic Bay Metropolitan Authority (SBMA) is slashing its port fees in a bid to take some traffic away from congested Manila port.
According to Roberto Garcia, SBMA chairman, the agency is cutting its harbour fee at Subic’s New Container Terminal to $0.008 per gross register tonnage (grt) from $0.046 per grt and the berthing fee to $0.004 per grt, daily from $0.0345 per grt a day.
“We hope to recoup the losses in the long run, as we are also doing this to encourage new lines to come over, as well as to show our appreciation to existing shipping lines that had stuck with Subic in all its lean years,” said Garcia. [06/10/14]
