Some PPA board members not supportive of petitions to increase port charges bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Hard-earned "balikbayan" boxes from overseas Filipinos workers (OFWs) were finally unloaded from an abandoned container van at the Port of Manila following requests from claimants to finally release their packages.
BALIKBAYAN BOXES GALORE A stripping activity or the unloading of goods from an ab
Higher volumes at Asian Terminals Inc. (ATI)' s international gateway ports in Manila and Batangas boosted the operator's revenues for the first six months of 2021 by 8.2% to P5.47 billion versus the same period last year.
ati headoffice However, ATI's net income dipped 2% to P1.13 billion due t
BusinessWorld
May 3, 2021 | 8:42 pm
LISTED PORT OPERATOR Asian Terminals, Inc. (ATI) and its unit ATI Batangas, Inc. (ATIBI) have filed applications with the Philippine Ports Authority (PPA) to increase cargo handling tariffs at the Phase I and Phase II terminals of the Port of Batangas.
âThe PPA will conduct a virtual public hearing on the petitions of ATI and ATIBI for upward adjustment of the cargo handling tariffs at Phase I and Phase II, Port of Batangas, respectively via Microsoft Teamsâ on May 7, the PPA said in a notice dated April 20.
In a copy of their sworn filing published on the PPA website, ATI and its Batangas unit, which hold the contract to operate, manage, maintain, and develop the Phase I of the Port of Batangas, said they are allowed to request rate adjustments every three years.
Published March 9, 2021, 1:35 PM
The COVID19 pandemic resulted in lower container volumes, pulling down Asian Terminals Inc. (ATI)’s earnings by 20.4 percent, from P3.71 billion in 2019 to P2.96 billion last year.
Container volumes at the Manila South Harbor plunged 20.4 percent while those at the Batangas Container Terminal went down 19.7 percent, pulling down ATI’s revenues 17.8 percent, from P13.33 billion to P10.96 in the same period.
However, ATI handled the highest volume in its history in 2020, with 1.3 million twenty-foot equivalent units (TEUs) from 1.61 million TEUs the preceding year.
It was the higher cargo volumes during the second half of 2020 which cushioned the operator’s bottomline from the impact of the pandemic, executives maintained.