BIZ BUZZ: Razon beefing up flagship terminal
Ports tycoon Enrique Razon Jr. seems to be banking on the growing demand for shipping services here and abroad as he lines up expansion plans for the year.
In particular, his flagship port, Manila International Container Terminal, is getting a new berth that can cater to ultra-large container vessels of up to 18,000 twenty-foot equivalent units (TEU).
Constructing this facility will add 200,000 TEUs to the port’s capacity, bringing its total volume handling capability to 3.5 million TEUs annually.
Along with this, the ports operator recently deployed eight new zero-emission rubber-tired gantries. It is also set to buy electric trucks and build electric vehicle charging stations in line with its “green” initiatives.
As this develops, Razon is also busy upgrading its Mindanao port, which was recently granted 25 years of concession period or until 2058. The tycoon, in addition, is working on developing the Visayas Container Terminal.
