The Davao Integrated Port and Stevedoring Services Corp is planning to expand the container yard of its International Port of Davao due to increasing cargo volumes being received by the facility, reported Philippines News Agency.
The container yard has so far handled 404,000 TEUs.
DIPSSCOR attributed the high cargo rate of the International Port of Davao to strong economic activity in the region brought about by bumper harvests of bananas, coconuts and rubber.
The company has invested state-of-the-art container handling equipment at the port for faster and safer movements of containers in the yard.
DIPSSCOR handles foreign containers and a fraction of the domestic trade, while the other cargo handler, Filipinas Port Services, caters to purely domestic, mostly bulk cargoes.
It handles 65 to 70 percent of total cargo volume in Davao port, while Filipinas Port accounts for 30 to 35 percent.
DIPSSCOR sees that growth will come from banana exporters Del Monte First Produce, Dole Philippines, Lapanday Foods Corp and Sumifro Philippines, which have been diversifying into containerised shipping.
About 40 percent of the banana exports go to the Middle East and China.
Source: Cargo News Asia, 18 November 2011