Subic Bay International Terminals (SBITC), International Container Terminal Services Inc. (ICTSI)’s subsidiary, will take delivery of four additional rubber-tyred gantries (RTG).
The new RTGs are expected to enable quicker truck and vessel turnaround times for smoother cargo flow and improved landside operations and overall productivity.
ICTSI anticipates SBITC to stay ahead of the demand curve and cater to the increased cargo shipments during peak shipping season thanks to the new equipment.
Delivery is scheduled for the last week of September.
SBITC started using RTGs in 2019, which resulted in reduced truck dwell times, improved yard utilisation and a 42 per cent increase in the terminal’s static capacity, according to ICTSI’s latest statement.
With an annual capacity of 600,000 TEU, SBITC is the gateway to the markets of North and Central Luzon. Its strategic location at the Subic Bay Freeport has made the Port of Subic one of the Philippines’ most important shipping hubs.
Last month, ICTSI posted revenue from its global port operations, boasting strong operational and financial results amidst external challenges.
The company registered revenue of $1.06 billion, an increase of 20 per cent from the $882.6 million reported for the first six months of 2021.