Philippine Ports step up infrastructure upgrades as revenues surge
(Posted on 24/05/18)
The Philippine Ports Authority (PPA) is accelerating its port infrastructure projects after port revenues posted strong figures in the first three months of the year.
PPA continues to post favourable performance after posting a banner year in 2017 in terms of revenues and dividend remitted to the national coffers.
PPA General Manager Jay Daniel R. Santiago said the positive deviation provides the agency bigger elbow room to further improve the ports with high concentration of cargoes and passengers. “We have been injecting so much investment in our ports in support of the Build-Build-Build programme of the Duterte Administration,” Santiago explained.
“Dredging as well as repair and maintenance costs comprise almost entirely our Expenses for the period, all aimed at making our ports efficient and more responsive to the demands of times,” Santiago said.“Once completed, these projects will definitely boost our revenues and eventually our income all anchored on faster turnaround of vessels and cargoes in our ports,”
Santiago added that as a sign of good tidings, the PPA also eclipsed its first quarter target by at least 60%. Total revenues registered a positive deviation with a 9% hike from P3.476 billion in 2017 to P3.783 billion raked in for the period in review, anchored on the strong performance of the Government share from Storage Fees that went up 50%; Layup Fees by 183%, among others.
Fund Management Income, on the other hand, booked a 26.6% hike for the period in review from P24.02 million last year to P30.41 million this year.
Net income, however, declined by some 4% to P2.259 billion from P2.364 billion last year owing to the agency’s high expenses for the period particularly on repair and maintenance and dredging.
Total Expenses for the period, meanwhile, soared by 37.03% from P1.112 billion last year to P1.523 billion this year. Cash and Non-cash Expenses are higher by 46.56% (P740.61 million) and 29.10% (P783.35 million), respectively. Dredging expenses, in particular went up by 644% while repair and maintenance recorded an increase of 117%.
Among the areas where ports are being improved include Puerto Princesa, Eastern Leyte, Ilocos Norte, Occidental Mindoro, Batangas, Ozamiz.
Latest News
Rail freight is key competitive advantage for German seaports
(Posted on 23/12/25)With this year’s Rail Conference “Rail Freight Transport and Seaports”, a joint initiative... Read more
ABL Group and ICG announce the successful acquisition of SCF Containers
(Posted on 18/12/25)Asian Bulk Logistics (ABL Group) and ICG have jointly announced the successful completion of ABL&rsquo... Read more
AD Ports and AVESTO establish New Logistics JV in Tajikistan
(Posted on 18/12/25)Abu Dhabi based AD Ports Group, a leading global enabler of integrated trade, industry and logistics... Read more
Patrick Krawutschke appointed new Managing Director at HPC
(Posted on 18/12/25)The Executive Board of Hamburger Hafen und Logistik AG (HHLA) has appointed Patrick Krawutschke as Managing... Read more
Karachi Gateway agreement to develop clean bulk handling and storage facility
(Posted on 09/12/25)Abu Dhabi based AD Ports Group, a global enabler of integrated trade, transport, industry, and logistics... Read more
30 Years of DUKC at Port Hedland
(Posted on 04/12/25)This year marks a significant milestone in maritime innovation as Port Hedland, Australia, celebrates... Read more
Major capital investment programme for ABP’s South Wales ports
(Posted on 02/12/25)Associated British Ports (ABP), the UK’s leading port operator, has announced the latest tranche... Read more
Strategic partnership for Vietnam-Japan green supply chain
(Posted on 24/11/25)During the Investment, Labour, and Trade Promotion Programme in Japan (November 16–22, 2025),... Read more
AD Ports signs two KEZAD land Leases of over 500,000sqm with Indian firms
(Posted on 24/11/25)AD Ports Group subsidiary Khalifa Economic Zones Abu Dhabi - KEZAD Group, the largest operator of integrated... Read more
AD Ports reports record Q3 net profit of AED596M
(Posted on 15/11/25)Abu Dhabi based AD Ports Group, a global enabler of integrated trade, transport, industry, and logistics... Read more
