Maritime
Credits : asianterminals.com.ph
ATI’s H1 income up 16.8%
on strong int’l cargo volume
T
he growth of international containerized
cargoes in line with the growth pace of the
Philippine economy boosted the first semester
results of listed AsianTerminals Inc. (ATI).
In a disclosure to the local bourse, ATI
reported a net income of Php1.19 billion for
the first six months of the year, behind the robust international
container volume handled by its Manila South Harbor and
Batangas Port. This figure is up 16.8% from Php1.02 billion a
year earlier.
ATI’s total revenues for the period stood at Php5.07 billion,
15.3% higher than Php4.40 billion during the first half of 2016.
From January to June, Manila South Harbor handled just
short of 550,000 teus (twentyfoot equivalent units), sustaining
its strong performance coming off a record-breaking year in
2016 where for the first time it handled over one million teus.
Batangas Container Terminal (BCT) has stepped up its role
as trade facilitator in Calabarzon (Cavite, Laguna, Batangas,
Rizal and Quezon), offering competitive market connectivity to
major shippers and effectively decongesting Manila’sroads.
BCT handled over 93,000 teus by mid-year, keeping it on
pace of exceeding its 2016 record volume of nearly 160,000
teus.
Despite handling growing volumes, “our international
container ports in Manila and Batangas are performing at
optimum production and utilization levels heading into the
‘ber’ months, the peak season for shipments,” ATI executive vice
president Andrew Hoad, said.
“We have capacity for future volume growth,” Hoad added.
As of end-July, quay crane production at BCT stood at 31
gross moves per crane perhour (GMPH) while yard utilization
remained below 50%, demonstrating its capacity to handle
more ships and cargoes.
At Manila South Harbor, crane production has hit 30 GMPH,
while yard utilization remains at an optimum 70%.
GMPH is a measure of efficiency indicating how fast a quay
crane moves containers from ship to shore in an hour which
redounds to faster vessel turnaround time and quicker delivery
of cargoes to consignees. asianterminals.com.ph
ATI’s total revenues for the period stood at Php5.07 billion, 15.3% higher
than Php4.40 billion during the first half of 2016
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