Philippines' ICTSI Subic Subsidiary Plans $130 Million Upgrade of Subic Port by 2032
2026-06-10 09:21
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en.Wedoany.com Reported - Subic Bay International Terminal Corp. (SBITC) is advancing a multi-year upgrade plan for Subic Port, aiming to complete a series of infrastructure projects by 2032 as part of a $130 million investment.

In the fourth quarter of this year, New Container Terminals (NCT) 1 and 2 will add new refrigerated racks, reefer outlets, and four near-zero emission (NZE) rubber-tired gantry cranes (RTG). Phillip Marsham, Vice President of the Philippines business portfolio at parent company International Container Terminal Services, Inc. (ICTSI), stated at the recently held 2026 4th Central Luzon Transport and Trade Conference and Exhibition that these near-zero emission cranes align with ICTSI's commitment to more energy-efficient and environmentally friendly terminal operations.

ICTSI Subic subsidiary deploys more equipment and new facilities

Gate automation and the restart of the One-Stop Shop (OSS) are targeted for completion in the first quarter of 2027. The automated gate system will use cameras and optical character recognition to automatically detect container numbers, truck license plate numbers, and container damage, enhancing security and efficiency. The One-Stop Shop will consolidate all port operations and regulatory agencies in one location, including the Subic Bay Metropolitan Authority, Bureau of Customs, Department of Agriculture, Bureau of Animal Industry, Bureau of Fisheries and Aquatic Resources, Philippine Drug Enforcement Agency, and Philippine Economic Zone Authority, eliminating the need for customers to visit multiple offices for cargo clearance. A similar facility has been in place at Subic Port since 2015 but was closed during the COVID-19 pandemic.

Four next-generation ultra-Panamax ship-to-shore cranes are planned for deployment by 2032, enabling the port to handle vessels of up to 8,500 TEUs. Marsham stated that these investments aim to ensure the long-term development of Subic Port and maintain the current yard utilization rate of 60%. The comprehensive investment plan targets increasing the total annual throughput capacity of NCT1 and NCT2 from 600,000 TEUs to 1 million TEUs, covering civil infrastructure and additional equipment.

Last year, the Subic Bay Metropolitan Authority (SBMA) extended the contracts of SBITC and ICTSI Subic Inc. by 25 years, through 2058. Subic Port is currently served by 11 shipping routes, providing direct access to Malaysia, Singapore, Japan, Indonesia, Brunei, China, Taiwan, and Vietnam.

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